Binance Coin / Dollar may fall to 491.3 - 497.7

527.6 is our pivot point.

Our preference

The downside prevails as long as 527.6 is resistance.

Alternative scenario

Above 527.6, look for 538.5 and 545.

Comment

The RSI is below its neutrality area at 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 522.7 and 524.1).

Supports and resistances

545.0 **

538.5 *

527.6 **

523.3

513.1 last

497.7

491.3 **

485.0 *

478.6 **

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