Binance Coin / Dollar may fall to 577.0 - 582.3

Our pivot point stands at 600.3.

Our preference

The downside prevails as long as 600.3 is resistance.

Alternative scenario

The upside breakout of 600.3, would call for 609.2 and 614.4.

Comment

The RSI is below 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 599.2 and 595.8).

Supports and resistances

614.4 **

609.2 *

600.3 **

596.9

593.4 last

582.3

577.0 **

571.8 *

566.5 **

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