Binance Coin / Dollar may fall to 495.7 - 500.5

Our pivot point stands at 521.5.

Our preference

Target 495.7.

Alternative scenario

The upside breakout of 521.5, would call for 529.7 and 534.5.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (520.1) but above its 50 period moving average (504.1).

Supports and resistances

534.5 **

529.7 *

521.5 **

518.2

513.1 last

500.5

495.7 **

490.8 *

486.0 **

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