Binance Coin / Dollar may fall to 540.6 - 547.3

571.3 is our pivot point.

Our preference

The downside prevails as long as 571.3 is resistance.

Alternative scenario

Above 571.3, look for 582.6 and 589.3.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 575.6 and 580.3).

Supports and resistances

589.3 **

582.6 *

571.3 **

566.8

561.6 last

547.3

540.6 **

533.9 *

527.2 **

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