Binance Coin / Dollar may fall to 571.3 - 576.5

Our pivot point stands at 596.3.

Our preference

The downside prevails as long as 596.3 is resistance.

Alternative scenario

The upside breakout of 596.3, would call for 605.1 and 610.3.

Comment

The RSI is below its neutrality area at 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 595.9 and 595.6).

Supports and resistances

610.3 **

605.1 *

596.3 **

592.8

589.3 last

576.5

571.3 **

566.1 *

560.9 **

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