Binance Coin / Dollar may fall to 560.2 - 565.3

Our pivot point stands at 583.4.

Our preference

Target 560.2.

Alternative scenario

Above 583.4, look for 592.2 and 597.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (578.6) but above its 50 period moving average (574.3).

Supports and resistances

597.3 **

592.2 *

583.4 **

580.0

575.8 last

565.3

560.2 **

555.0 *

549.8 **

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