Binance Coin / Dollar may fall to 462.4 - 500.3

Our pivot point stands at 626.6.

Our preference

The downside prevails as long as 626.6 is resistance.

Alternative scenario

Above 626.6, look for 690.3 and 728.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 586.2 and 604.2).

Supports and resistances

728.2 **

690.3 *

626.6 **

601.6

576.4 last

500.3

462.4 **

424.5 *

386.6 **

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