Binance Coin / Dollar may fall to 659.6 - 665.5

688.2 is our pivot point.

Our preference

The downside prevails as long as 688.2 is resistance.

Alternative scenario

The upside breakout of 688.2, would call for 698.3 and 704.3.

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 682.2 and 688.3).

Supports and resistances

704.3 **

698.3 *

688.2 **

684.3

678.3 last

665.5

659.6 **

653.6 *

647.6 **

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