Binance Coin / Dollar intraday: target 1238.4

Our pivot point stands at 1325.4.

Our preference: target 1238.4.

Alternative scenario: above 1325.4, look for 1350.6 and 1365.5.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (1309.7) but above its 50 period moving average (1226).

Supports and resistances:

1365.5 **

1350.6 *

1325.4 **

1315.6

1284.5 last

1253.1

1238.4 **