Binance Coin / Dollar may rise to 521.6 - 527.7

Our pivot point is at 496.6.

Our preference

As long as 496.6 is support look for 527.7.

Alternative scenario

Below 496.6, expect 486.5 and 480.5.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (510.4) but above its 50 period moving average (495.1).

Supports and resistances

539.9 **

533.8 *

527.7 **

521.6

507.4 last

500.6

496.6 **

486.5 *

480.5 **

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