Binance Coin / Dollar may fall to 536.0 - 542.6

Our pivot point stands at 569.6.

Our preference

The downside prevails as long as 569.6 is resistance.

Alternative scenario

The upside breakout of 569.6, would call for 580.9 and 587.6.

Comment

The RSI is below 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 567.4 and 577).

Supports and resistances

587.6 **

580.9 *

569.6 **

565.2

559.8 last

542.6

536.0 **

529.3 *

522.7 **

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