Binance Coin / Dollar may fall to 548.4 - 555.2

Our pivot point is at 579.5.

Our preference

The downside prevails as long as 579.5 is resistance.

Alternative scenario

Above 579.5, look for 590.9 and 597.8.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 577.5 and 578.8).

Supports and resistances

597.8 **

590.9 *

579.5 **

575.0

570.3 last

555.2

548.4 **

541.6 *

534.8 **

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