Binance Coin / Dollar may fall to 591.8 - 598.3

619.9 is our pivot point.

Our preference

Under pressure below 619.9.

Alternative scenario

The upside breakout of 619.9, would call for 630.8 and 637.2.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 620 and 613.5).

Supports and resistances

637.2 **

630.8 *

619.9 **

615.6

611.3 last

598.3

591.8 **

585.4 *

578.9 **

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