Our pivot point is at 521.7.
Our preference: the upside prevails as long as 521.7 is support.
Alternative scenario: the downside breakout of 521.7 would call for 511.4 and 505.3.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 516.7 and 517.8). Finally, the Binance Coin / Dollar is trading above its upper Bollinger band (standing at 531.9).
Supports and resistances:
564.4 **
558.2 *
552.0 **
545.8
532.7 last
525.8
521.7 **
511.4 *
505.3 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-11-2024 at 21:50 UTC+1
Price reference: 532.7 last known on 09-11-2024 at 21:50 UTC+1
Investment horizon: INTRADAY
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