Binance Coin / Dollar may fall to 576.6 - 582.3

Our pivot point stands at 605.7.

Our preference

The downside prevails as long as 605.7 is resistance.

Alternative scenario

The upside breakout of 605.7, would call for 615.4 and 621.2.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 603.6 and 602.7). Finally, the Binance Coin / Dollar is trading below its lower Bollinger band (standing at 594.9).

Supports and resistances

621.2 **

615.4 *

605.7 **

601.9

594.4 last

582.3

576.6 **

570.9 *

565.2 **

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