Binance Coin / Dollar may fall to 570.4 - 577.5

Our pivot point stands at 603.9.

Our preference

Under pressure below 603.9.

Alternative scenario

The upside breakout of 603.9, would call for 615.8 and 622.9.

Comment

The RSI is below 50. The MACD is below its signal line and positive. 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 595.9).

Supports and resistances

622.9 **

615.8 *

603.9 **

599.2

593.8 last

577.5

570.4 **

563.3 *

556.3 **

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