Our pivot point stands at 269.4.
Our preference: as long as 269.4 is support look for 283.6.
Alternative scenario: below 269.4, expect 264.8 and 262.2.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 271.5 and 263.6). Finally, the Binance Coin / Dollar has crossed above its upper Bollinger band (274.4).
Supports and resistances:
289.1 **
286.4 *
283.6 **
280.9
274.9 last
271.1
269.4 **
264.8 *
262.2 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-22-2023 at 07:02 UTC+1
Price reference: 274.9 last known on 12-22-2023 at 07:02 UTC+1
Investment horizon: INTRADAY
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