Binance Coin / Dollar may fall to 555.6 - 560.7

Our pivot point stands at 578.1.

Our preference

The downside prevails as long as 578.1 is resistance.

Alternative scenario

Above 578.1, look for 586.7 and 591.9.

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 575.9 and 576).

Supports and resistances

591.9 **

586.7 *

578.1 **

574.7

571.2 last

560.7

555.6 **

550.5 *

545.3 **

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