Binance Coin / Dollar may fall to 584.7 - 591.1

Our pivot point is at 614.1.

Our preference

The downside prevails as long as 614.1 is resistance.

Alternative scenario

Above 614.1, look for 624.9 and 631.3.

Comment

The RSI is below 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 612.2 and 611.2).

Supports and resistances

631.3 **

624.9 *

614.1 **

609.8

605.6 last

591.1

584.7 **

578.3 *

571.9 **

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