Binance Coin / Dollar may fall to 539.7 - 546.9

Our pivot point stands at 574.1.

Our preference

The downside prevails as long as 574.1 is resistance.

Alternative scenario

The upside breakout of 574.1, would call for 586.3 and 593.6.

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 stands below its 20 and 50 period moving average (respectively at 572.5 and 576.9).

Supports and resistances

593.6 **

586.3 *

574.1 **

569.3

563.0 last

546.9

539.7 **

532.4 *

525.2 **

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