Binance Coin / Dollar may fall to 565.3 - 570.5

Our pivot point is at 591.0.

Our preference

Target 565.3.

Alternative scenario

Above 591, look for 599.9 and 605.1.

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 below its 20 period moving average (586.6) but above its 50 period moving average (578.8).

Supports and resistances

605.1 **

599.9 *

591.0 **

587.6

583.4 last

570.5

565.3 **

560.1 *

554.9 **

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