Binance Coin / Dollar may fall to 380.7 - 425.3

584.1 is our pivot point.

Our preference

The downside prevails as long as 584.1 is resistance.

Alternative scenario

The upside breakout of 584.1, would call for 660.4 and 705.9.

Comment

The RSI is below 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 535.9 and 548.7).

Supports and resistances

705.9 **

660.4 *

584.1 **

554.2

523.7 last

425.3

380.7 **

336.1 *

291.6 **

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