Binance Coin / Dollar may fall to 495.9 - 502.3

Our pivot point stands at 524.2.

Our preference

The downside prevails as long as 524.2 is resistance.

Alternative scenario

Above 524.2, look for 535 and 541.5.

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 521.2 and 522.9).

Supports and resistances

541.5 **

535.0 *

524.2 **

520.0

515.7 last

502.3

495.9 **

489.4 *

483.0 **

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