Binance Coin / Dollar may fall to 493.5 - 499.6

528.1 is our pivot point.

Our preference

The downside prevails as long as 528.1 is resistance.

Alternative scenario

The upside breakout of 528.1, would call for 538.6 and 544.8.

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 is trading under both its 20 and 50 period moving average (respectively at 526 and 518.8). Finally, the Binance Coin / Dollar is trading below its lower Bollinger band (standing at 515.5).

Supports and resistances

544.8 **

538.6 *

528.1 **

524.0

514.3 last

499.6

493.5 **

487.4 *

481.3 **

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