Binance Coin / Dollar may fall to 495.3 - 501.7

Our pivot point is at 528.6.

Our preference

The downside prevails as long as 528.6 is resistance.

Alternative scenario

Above 528.6, look for 539.5 and 546.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 522.3 and 523.3).

Supports and resistances

546.0 **

539.5 *

528.6 **

524.3

519.3 last

501.7

495.3 **

488.8 *

482.4 **

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