Binance Coin / Dollar may fall to 512.5 - 519.2

544.5 is our pivot point.

Our preference

The downside prevails as long as 544.5 is resistance.

Alternative scenario

Above 544.5, look for 555.8 and 562.5.

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 stands below its 20 and 50 period moving average (respectively at 535.8 and 535.9).

Supports and resistances

562.5 **

555.8 *

544.5 **

540.1

534.8 last

519.2

512.5 **

505.9 *

499.2 **

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