Binance Coin / Dollar may fall to 578.3 - 583.1

Our pivot point is at 599.8.

Our preference

The downside prevails as long as 599.8 is resistance.

Alternative scenario

The upside breakout of 599.8, would call for 608 and 612.8.

Comment

The RSI is below its neutrality area at 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 596.2 and 599.6).

Supports and resistances

612.8 **

608.0 *

599.8 **

596.6

593.2 last

583.1

578.3 **

573.4 *

568.6 **

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