Binance Coin / Dollar may fall to 479.4 - 521.1

Our pivot point stands at 659.4.

Our preference

The downside prevails as long as 659.4 is resistance.

Alternative scenario

The upside breakout of 659.4, would call for 729.4 and 771.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 631.4 and 605.9).

Supports and resistances

771.0 **

729.4 *

659.4 **

631.9

604.4 last

521.1

479.4 **

437.8 *

396.1 **

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