Binance Coin / Dollar may fall to 544.0 - 550.8

577.9 is our pivot point.

Our preference

The downside prevails as long as 577.9 is resistance.

Alternative scenario

The upside breakout of 577.9, would call for 589.3 and 596.1.

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 572.3 and 574.7).

Supports and resistances

596.1 **

589.3 *

577.9 **

573.4

567.9 last

550.8

544.0 **

537.3 *

530.5 **

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