Binance Coin / Dollar may fall to 552.3 - 559.1

582.3 is our pivot point.

Our preference

The downside prevails as long as 582.3 is resistance.

Alternative scenario

The upside breakout of 582.3, would call for 593.8 and 600.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 582.8 and 579.2).

Supports and resistances

600.7 **

593.8 *

582.3 **

577.8

573.0 last

559.1

552.3 **

545.4 *

538.6 **

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