Binance Coin / Dollar may fall to 547.9 - 555.3

580.4 is our pivot point.

Our preference

The downside prevails as long as 580.4 is resistance.

Alternative scenario

The upside breakout of 580.4, would call for 592.8 and 600.1.

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 stands below its 20 and 50 period moving average (respectively at 574.4 and 578).

Supports and resistances

600.1 **

592.8 *

580.4 **

575.5

570.4 last

555.3

547.9 **

540.6 *

533.2 **

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