Binance Coin / Dollar may fall to 581.5 - 586.8

Our pivot point is at 605.6.

Our preference

Target 581.5.

Alternative scenario

Above 605.6, look for 614.5 and 619.8.

Comment

The RSI is below 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 trading under its 20 period moving average (598.9) but above its 50 period moving average (596).

Supports and resistances

619.8 **

614.5 *

605.6 **

602.1

597.8 last

586.8

581.5 **

576.2 *

570.9 **

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