Binance Coin / Dollar may fall to 489.0 - 495.1

516.6 is our pivot point.

Our preference

The downside prevails as long as 516.6 is resistance.

Alternative scenario

The upside breakout of 516.6, would call for 526.8 and 532.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 515.4 and 518.4).

Supports and resistances

532.9 **

526.8 *

516.6 **

512.6

507.4 last

495.1

489.0 **

483.0 *

476.9 **

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