Binance Coin / Dollar may fall to 578.8 - 584.5

Our pivot point stands at 607.1.

Our preference

The downside prevails as long as 607.1 is resistance.

Alternative scenario

Above 607.1, look for 616.8 and 622.6.

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 stands below its 20 and 50 period moving average (respectively at 600.3 and 601.7).

Supports and resistances

622.6 **

616.8 *

607.1 **

603.3

599.5 last

584.5

578.8 **

573.0 *

567.3 **

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