Binance Coin / Dollar may fall to 499.9 - 506.4

533.0 is our pivot point.

Our preference

The downside prevails as long as 533 is resistance.

Alternative scenario

The upside breakout of 533, would call for 544 and 550.6.

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 524.9 and 523.2).

Supports and resistances

550.6 **

544.0 *

533.0 **

528.7

521.5 last

506.4

499.9 **

493.4 *

486.9 **

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