Binance Coin / Dollar may fall to 485.1 - 489.8

Our pivot point stands at 507.9.

Our preference

The downside prevails as long as 507.9 is resistance.

Alternative scenario

Above 507.9, look for 515.9 and 520.6.

Comment

The RSI is below 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 508.5 and 509.7).

Supports and resistances

520.6 **

515.9 *

507.9 **

504.7

500.1 last

489.8

485.1 **

480.3 *

475.6 **

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