Binance Coin / Dollar may fall to 555.8 - 560.9

Our pivot point stands at 579.7.

Our preference

The downside prevails as long as 579.7 is resistance.

Alternative scenario

The upside breakout of 579.7, would call for 588.4 and 593.5.

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 stands below its 20 and 50 period moving average (respectively at 573.4 and 576.1).

Supports and resistances

593.5 **

588.4 *

579.7 **

576.3

572.7 last

560.9

555.8 **

550.6 *

545.5 **

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