Binance Coin / Dollar may fall to 573.6 - 578.4

Our pivot point stands at 596.4.

Our preference

The downside prevails as long as 596.4 is resistance.

Alternative scenario

Above 596.4, look for 604.5 and 609.3.

Comment

The RSI is below 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 592.9 and 596.9).

Supports and resistances

609.3 **

604.5 *

596.4 **

593.2

588.7 last

578.4

573.6 **

568.8 *

563.9 **

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