296.5 is our pivot point.
Our preference: the downside prevails as long as 296.5 is resistance.
Alternative scenario: the upside breakout of 296.5, would call for 301.6 and 304.6.
Comment: the RSI is below 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 294.5 and 291.3). Finally, the Binance Coin / Dollar has penetrated its lower Bollinger band (290.8).
Supports and resistances:
304.6 **
301.6 *
296.5 **
294.5
290.5 last
284.3
281.3 **
278.4 *
275.4 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-05-2022 at 16:04 UTC+1
Price reference: 290.5 last known on 10-05-2022 at 16:04 UTC+1
Investment horizon: INTRADAY
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