Binance Coin / Dollar may fall to 580.5 - 585.8

Our pivot point is at 605.0.

Our preference

Eye 580.5.

Alternative scenario

The upside breakout of 605, would call for 613.9 and 619.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under its 20 period moving average (597.7) but above its 50 period moving average (596.8).

Supports and resistances

619.2 **

613.9 *

605.0 **

601.5

597.0 last

585.8

580.5 **

575.2 *

569.9 **

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