Binance Coin / Dollar may fall to 555.7 - 560.8

582.0 is our pivot point.

Our preference

The downside prevails as long as 582 is resistance.

Alternative scenario

Above 582, look for 590.7 and 595.9.

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 579.3 and 576).

Supports and resistances

595.9 **

590.7 *

582.0 **

578.6

572.7 last

560.8

555.7 **

550.5 *

545.4 **

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