Binance Coin / Dollar may fall to 579.7 - 585.5

Our pivot point stands at 606.9.

Our preference

The downside prevails as long as 606.9 is resistance.

Alternative scenario

Above 606.9, look for 616.6 and 622.4.

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 and 602.4).

Supports and resistances

622.4 **

616.6 *

606.9 **

603.1

598.1 last

585.5

579.7 **

574.0 *

568.2 **

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