Binance Coin / Dollar may fall to 571.8 - 578.9

605.6 is our pivot point.

Our preference

The downside prevails as long as 605.6 is resistance.

Alternative scenario

Above 605.6, look for 617.6 and 624.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 596.7 and 596.5).

Supports and resistances

624.7 **

617.6 *

605.6 **

600.9

594.8 last

578.9

571.8 **

564.8 *

557.7 **

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