Binance Coin / Dollar may rise to 519.4 - 525.5

Our pivot point is at 496.7.

Our preference

As long as 496.7 is support look for 525.5.

Alternative scenario

The downside breakout of 496.7 would call for 486.6 and 480.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (508.9) but above its 50 period moving average (498.1).

Supports and resistances

537.6 **

531.5 *

525.5 **

519.4

506.2 last

500.7

496.7 **

486.6 *

480.6 **

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