Binance Coin / Dollar may fall to 558.0 - 564.9

Our pivot point is at 595.0.

Our preference

The downside prevails as long as 595 is resistance.

Alternative scenario

Above 595, look for 606.8 and 613.8.

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 587.7 and 593.6).

Supports and resistances

613.8 **

606.8 *

595.0 **

590.4

579.3 last

564.9

558.0 **

551.0 *

544.1 **

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