Binance Coin / Dollar may fall to 579.3 - 584.6

Our pivot point is at 604.2.

Our preference

Target 579.3.

Alternative scenario

Above 604.2, look for 613.1 and 618.4.

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 (599.7) but above its 50 period moving average (595.1).

Supports and resistances

618.4 **

613.1 *

604.2 **

600.7

596.1 last

584.6

579.3 **

574.0 *

568.7 **

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