Binance Coin / Dollar may fall to 582.4 - 587.7

Our pivot point stands at 605.8.

Our preference

The downside prevails as long as 605.8 is resistance.

Alternative scenario

Above 605.8, look for 614.7 and 620.

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 is trading under both its 20 and 50 period moving average (respectively at 599.8 and 600.2).

Supports and resistances

620.0 **

614.7 *

605.8 **

602.3

598.4 last

587.7

582.4 **

577.1 *

571.8 **

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