Our pivot point stands at 319.1.
Our preference: target 302.4.
Alternative scenario: above 319.1, look for 324.7 and 328.1.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (316.9) but above its 50 period moving average (311.6). Finally, the Binance Coin / Dollar has penetrated its lower Bollinger band (313.1).
Supports and resistances:
328.1 **
324.7 *
319.1 **
316.8
312.5 last
305.8
302.4 **
299.1 *
295.7 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 01-30-2023 at 09:15 UTC+1
Price reference: 312.5 last known on 01-30-2023 at 09:15 UTC+1
Investment horizon: INTRADAY
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