Binance Coin / Dollar may fall to 497.4 - 503.6

Our pivot point stands at 529.4.

Our preference

Technical rebound towards 529.4 before a new drop.

Alternative scenario

Above 529.4, look for 539.9 and 546.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (509.8) but below its 50 period moving average (518.2).

Supports and resistances

546.1 **

539.9 *

529.4 **

525.3

517.5 last

503.6

497.4 **

491.2 *

485.1 **

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