Binance Coin / Dollar may fall to 556.5 - 563.3

598.9 is our pivot point.

Our preference

Target 556.5.

Alternative scenario

The upside breakout of 598.9, would call for 610.7 and 617.8.

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 is below its 20 period moving average (585) but above its 50 period moving average (579.9).

Supports and resistances

617.8 **

610.7 *

598.9 **

594.2

583.2 last

563.3

556.5 **

549.6 *

542.7 **

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