Binance Coin / Dollar may fall to 543.8 - 550.5

Our pivot point stands at 576.1.

Our preference

The downside prevails as long as 576.1 is resistance.

Alternative scenario

Above 576.1, look for 587.5 and 594.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 571.5 and 578.9).

Supports and resistances

594.3 **

587.5 *

576.1 **

571.7

564.8 last

550.5

543.8 **

537.0 *

530.3 **

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