Binance Coin / Dollar may fall to 570.4 - 577.5

Our pivot point is at 607.2.

Our preference

Under pressure below 607.2.

Alternative scenario

The upside breakout of 607.2, would call for 619.2 and 626.4.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 598.7 and 595.8).

Supports and resistances

626.4 **

619.2 *

607.2 **

602.5

593.0 last

577.5

570.4 **

563.3 *

556.3 **

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