Binance Coin / Dollar may fall to 548.1 - 553.5

Our pivot point is at 574.6.

Our preference

The downside prevails as long as 574.6 is resistance.

Alternative scenario

The upside breakout of 574.6, would call for 583.6 and 589.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 574 and 576.9).

Supports and resistances

589.0 **

583.6 *

574.6 **

571.0

566.8 last

553.5

548.1 **

542.8 *

537.4 **

Number of asterisks represents the strength of support and resistance levels.