Binance Coin / Dollar may fall to 580.0 - 585.8

Our pivot point stands at 606.8.

Our preference

Target 580.0.

Alternative scenario

Above 606.8, look for 616.5 and 622.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (600.7) but above its 50 period moving average (597.8).

Supports and resistances

622.3 **

616.5 *

606.8 **

603.0

599.0 last

585.8

580.0 **

574.3 *

568.5 **

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