Binance Coin / Dollar may fall to 555.2 - 562.1

Our pivot point is at 585.6.

Our preference

The downside prevails as long as 585.6 is resistance.

Alternative scenario

Above 585.6, look for 597.2 and 604.1.

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 584.1 and 579.3).

Supports and resistances

604.1 **

597.2 *

585.6 **

581.1

576.5 last

562.1

555.2 **

548.4 *

541.5 **

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