Binance Coin / Dollar may fall to 503.0 - 509.6

533.2 is our pivot point.

Our preference

Target 503.0.

Alternative scenario

The upside breakout of 533.2, would call for 544.2 and 550.7.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (525.3) but above its 50 period moving average (523.1).

Supports and resistances

550.7 **

544.2 *

533.2 **

528.8

523.3 last

509.6

503.0 **

496.5 *

490.0 **

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