Binance Coin / Dollar may fall to 539.8 - 547.0

Our pivot point stands at 574.0.

Our preference

Target 539.8.

Alternative scenario

Above 574, look for 586.2 and 593.5.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (568) but above its 50 period moving average (556.6).

Supports and resistances

593.5 **

586.2 *

574.0 **

569.2

564.4 last

547.0

539.8 **

532.5 *

525.3 **

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