Binance Coin / Dollar may fall to 474.1 - 478.7

Our pivot point is at 497.4.

Our preference

The downside prevails as long as 497.4 is resistance.

Alternative scenario

Above 497.4, look for 505.2 and 509.8.

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 stands below its 20 and 50 period moving average (respectively at 497.1 and 508.2).

Supports and resistances

509.8 **

505.2 *

497.4 **

494.3

491.1 last

478.7

474.1 **

469.5 *

464.8 **

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