Binance Coin / Dollar may fall to 572.6 - 577.8

Our pivot point stands at 602.1.

Our preference

The downside prevails as long as 602.1 is resistance.

Alternative scenario

Above 602.1, look for 610.9 and 616.2.

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 597.4 and 600.1). Finally, the Binance Coin / Dollar is trading below its lower Bollinger band (standing at 593.3).

Supports and resistances

616.2 **

610.9 *

602.1 **

598.6

591.2 last

577.8

572.6 **

567.3 *

562.1 **

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