Binance Coin / Dollar may fall to 547.8 - 554.6

579.7 is our pivot point.

Our preference

The downside prevails as long as 579.7 is resistance.

Alternative scenario

Above 579.7, look for 591.2 and 598.

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 579.2 and 578.9).

Supports and resistances

598.0 **

591.2 *

579.7 **

575.2

569.8 last

554.6

547.8 **

541.0 *

534.3 **

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