Binance Coin / Dollar may fall to 496.4 - 502.6

524.3 is our pivot point.

Our preference

Technical rebound towards 524.3 before a new drop.

Alternative scenario

The upside breakout of 524.3, would call for 534.7 and 540.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20 period moving average (515.2) but under its 50 period moving average (516.5).

Supports and resistances

540.9 **

534.7 *

524.3 **

520.3

515.4 last

502.6

496.4 **

490.3 *

484.1 **

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