Binance Coin / Dollar may fall to 580.6 - 586.4

608.8 is our pivot point.

Our preference

The downside prevails as long as 608.8 is resistance.

Alternative scenario

Above 608.8, look for 618.5 and 624.3.

Comment

The RSI is below 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 601.3).

Supports and resistances

624.3 **

618.5 *

608.8 **

604.9

598.0 last

586.4

580.6 **

574.8 *

569.1 **

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