Binance Coin / Dollar may fall to 555.2 - 560.3

Our pivot point is at 577.8.

Our preference

The downside prevails as long as 577.8 is resistance.

Alternative scenario

The upside breakout of 577.8, would call for 586.4 and 591.5.

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 577.2 and 575.9).

Supports and resistances

591.5 **

586.4 *

577.8 **

574.4

571.0 last

560.3

555.2 **

550.1 *

544.9 **

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