Binance Coin / Dollar may rise to 499.9 - 505.7

Our pivot point is at 477.5.

Our preference

The upside prevails as long as 477.5 is support.

Alternative scenario

Below 477.5, expect 467.8 and 462.0.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 480.8 and 485).

Supports and resistances

517.4 **

511.5 *

505.7 **

499.9

488.1 last

481.4

477.5 **

467.8 *

462.0 **

Number of asterisks represents the strength of support and resistance levels.