Binance Coin / Dollar may fall to 553.9 - 559.1

576.3 is our pivot point.

Our preference

The downside prevails as long as 576.3 is resistance.

Alternative scenario

The upside breakout of 576.3, would call for 584.9 and 590.

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 574.5 and 576).

Supports and resistances

590.0 **

584.9 *

576.3 **

572.9

569.4 last

559.1

553.9 **

548.8 *

543.7 **

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