Binance Coin / Dollar may fall to 581.4 - 586.7

606.3 is our pivot point.

Our preference

The downside prevails as long as 606.3 is resistance.

Alternative scenario

Above 606.3, look for 615.2 and 620.5.

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 stands below its 20 and 50 period moving average (respectively at 602.9 and 599.8).

Supports and resistances

620.5 **

615.2 *

606.3 **

602.8

599.0 last

586.7

581.4 **

576.1 *

570.8 **

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