Binance Coin / Dollar may fall to 493.2 - 499.6

521.4 is our pivot point.

Our preference

The downside prevails as long as 521.4 is resistance.

Alternative scenario

The upside breakout of 521.4, would call for 532.1 and 538.6.

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 518.5 and 521.6).

Supports and resistances

538.6 **

532.1 *

521.4 **

517.1

512.6 last

499.6

493.2 **

486.8 *

480.4 **

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