Binance Coin / Dollar may fall to 495.1 - 501.5

Our pivot point stands at 530.5.

Our preference

The downside prevails as long as 530.5 is resistance.

Alternative scenario

Above 530.5, look for 541.5 and 548.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 523.4 and 523.4). Finally, the Binance Coin / Dollar is trading below its lower Bollinger band (standing at 517.4).

Supports and resistances

548.0 **

541.5 *

530.5 **

526.2

517.1 last

501.5

495.1 **

488.6 *

482.2 **

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