Binance Coin / Dollar may fall to 529.8 - 536.9

Our pivot point stands at 560.9.

Our preference

The downside prevails as long as 560.9 is resistance.

Alternative scenario

The upside breakout of 560.9, would call for 572.8 and 579.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 562.9 and 561.6).

Supports and resistances

579.9 **

572.8 *

560.9 **

556.2

551.5 last

536.9

529.8 **

522.7 *

515.6 **

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