Binance Coin / Dollar may fall to 654.5 - 660.4

Our pivot point stands at 680.3.

Our preference

The downside prevails as long as 680.3 is resistance.

Alternative scenario

The upside breakout of 680.3, would call for 690.2 and 696.2.

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 is trading under both its 20 and 50 period moving average (respectively at 676.9 and 681.1).

Supports and resistances

696.2 **

690.2 *

680.3 **

676.3

672.3 last

660.4

654.5 **

648.5 *

642.6 **

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