Binance Coin / Dollar may fall to 557.7 - 562.9

Our pivot point stands at 582.9.

Our preference

Target 557.7.

Alternative scenario

The upside breakout of 582.9, would call for 591.6 and 596.7.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (576.1) but above its 50 period moving average (573.6).

Supports and resistances

596.7 **

591.6 *

582.9 **

579.4

573.7 last

562.9

557.7 **

552.5 *

547.4 **

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