Binance Coin / Dollar may fall to 518.9 - 525.9

Our pivot point stands at 550.9.

Our preference

Technical rebound towards 550.9 before a new drop.

Alternative scenario

Above 550.9, look for 562.8 and 569.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (538) but below its 50 period moving average (541.6).

Supports and resistances

569.8 **

562.8 *

550.9 **

546.3

541.1 last

525.9

518.9 **

511.9 *

504.8 **

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