Binance Coin / Dollar intraday: look for a drop towards 653.6 before a bounce |
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653.6 is our pivot point. |
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Our preference: |
Look for a drop towards 653.6 before a bounce. |
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Alternative scenario: |
Below 653.6, expect 642.6 and 636.0. |
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Comment: |
The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (670.7) but above its 50 period moving average (668.5). |
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