Binance Coin / Dollar may fall to 575.4 - 580.2

Our pivot point is at 596.9.

Our preference

The downside prevails as long as 596.9 is resistance.

Alternative scenario

Above 596.9, look for 605 and 609.8.

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 593.1 and 597.5).

Supports and resistances

609.8 **

605.0 *

596.9 **

593.7

590.0 last

580.2

575.4 **

570.6 *

565.8 **

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