Binance Coin / Dollar may fall to 478.1 - 523.2

740.2 is our pivot point.

Our preference

Target 478.1.

Alternative scenario

The upside breakout of 740.2, would call for 823.5 and 873.1.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (630.2) but above its 50 period moving average (605.6).

Supports and resistances

873.1 **

823.5 *

740.2 **

707.4

624.9 last

523.2

478.1 **

433.0 *

388.0 **

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