Binance Coin / Dollar may fall to 579.6 - 584.8

Our pivot point stands at 604.4.

Our preference

The downside prevails as long as 604.4 is resistance.

Alternative scenario

The upside breakout of 604.4, would call for 613.3 and 618.5.

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 both its 20 and 50 period moving average (respectively at 596.5 and 597.6).

Supports and resistances

618.5 **

613.3 *

604.4 **

600.9

596.4 last

584.8

579.6 **

574.3 *

569.0 **

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