Binance Coin / Dollar may fall to 506.8 - 512.9

Our pivot point stands at 537.4.

Our preference

Target 506.8.

Alternative scenario

The upside breakout of 537.4, would call for 547.7 and 553.9.

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 (528.8) but above its 50 period moving average (524.4).

Supports and resistances

553.9 **

547.7 *

537.4 **

533.4

526.9 last

512.9

506.8 **

500.7 *

494.7 **

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