Cryptocurrency

Binance Coin / Dollar may fall to 512.9 - 519.6

2024-08-19

545.3 is our pivot point.

Our preference

Eye 512.9.

Alternative scenario

Above 545.3, look for 556.5 and 563.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (536.2) but above its 50 period moving average (535.5).

Supports and resistances

563.3 **

556.5 *

545.3 **

540.8

535.5 last

519.6

512.9 **

506.3 *

499.6 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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