Binance Coin / Dollar may fall to 580.7 - 586.5

Our pivot point is at 609.3.

Our preference

The downside prevails as long as 609.3 is resistance.

Alternative scenario

The upside breakout of 609.3, would call for 619 and 624.8.

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 601.1 and 602.3).

Supports and resistances

624.8 **

619.0 *

609.3 **

605.4

599.0 last

586.5

580.7 **

574.9 *

569.2 **

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