Binance Coin / Dollar may fall to 532.3 - 539.4

Our pivot point stands at 571.0.

Our preference

The downside prevails as long as 571 is resistance.

Alternative scenario

The upside breakout of 571, would call for 583.1 and 590.4.

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 is trading under both its 20 and 50 period moving average (respectively at 565.8 and 559.6).

Supports and resistances

590.4 **

583.1 *

571.0 **

566.2

556.6 last

539.4

532.3 **

525.1 *

518.0 **

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