Binance Coin / Dollar may rise to 528.3 - 534.3

504.4 is our pivot point.

Our preference

The upside prevails as long as 504.4 is support.

Alternative scenario

The downside breakout of 504.4 would call for 494.4 and 488.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 509.9 and 504.9).

Supports and resistances

546.2 **

540.2 *

534.3 **

528.3

515.2 last

508.3

504.4 **

494.4 *

488.4 **

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