Binance Coin / Dollar may fall to 540.5 - 545.5

Our pivot point is at 566.6.

Our preference

The downside prevails as long as 566.6 is resistance.

Alternative scenario

Above 566.6, look for 575.1 and 580.1.

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 is trading under both its 20 and 50 period moving average (respectively at 566.5 and 573.7).

Supports and resistances

580.1 **

575.1 *

566.6 **

563.3

558.8 last

545.5

540.5 **

535.5 *

530.5 **

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