Binance Coin / Dollar may fall to 538.4 - 545.7

Our pivot point is at 570.0.

Our preference

The downside prevails as long as 570 is resistance.

Alternative scenario

The upside breakout of 570, would call for 582.2 and 589.4.

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 569.3 and 575.1).

Supports and resistances

589.4 **

582.2 *

570.0 **

565.3

560.2 last

545.7

538.4 **

531.2 *

524.0 **

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