Binance Coin / Dollar may fall to 657.8 - 663.8

693.4 is our pivot point.

Our preference

The downside prevails as long as 693.4 is resistance.

Alternative scenario

Above 693.4, look for 703.5 and 709.6.

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 stands below its 20 and 50 period moving average (respectively at 700.4 and 701.9).

Supports and resistances

709.6 **

703.5 *

693.4 **

689.4

685.4 last

663.8

657.8 **

651.8 *

645.9 **

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