Binance Coin / Dollar may fall to 552.7 - 557.8

578.3 is our pivot point.

Our preference

The downside prevails as long as 578.3 is resistance.

Alternative scenario

Above 578.3, look for 586.9 and 592.1.

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 is trading under both its 20 and 50 period moving average (respectively at 572.4 and 574.6).

Supports and resistances

592.1 **

586.9 *

578.3 **

574.9

570.6 last

557.8

552.7 **

547.6 *

542.4 **

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