Binance Coin / Dollar may fall to 387.5 - 428.6

Our pivot point is at 564.7.

Our preference

The downside prevails as long as 564.7 is resistance.

Alternative scenario

Above 564.7, look for 633.7 and 674.7.

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 trading under both its 20 and 50 period moving average (respectively at 556 and 595.3).

Supports and resistances

674.7 **

633.7 *

564.7 **

537.7

510.6 last

428.6

387.5 **

346.5 *

305.5 **

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