Binance Coin / Dollar may fall to 567.9 - 572.7

Our pivot point is at 589.2.

Our preference

The downside prevails as long as 589.2 is resistance.

Alternative scenario

Above 589.2, look for 597.2 and 602.

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 588.4 and 593.3).

Supports and resistances

602.0 **

597.2 *

589.2 **

586.1

582.4 last

572.7

567.9 **

563.2 *

558.4 **

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