Binance Coin / Dollar may fall to 585.5 - 591.9

Our pivot point is at 618.1.

Our preference

The downside prevails as long as 618.1 is resistance.

Alternative scenario

The upside breakout of 618.1, would call for 629 and 635.5.

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 stands below its 20 and 50 period moving average (respectively at 611 and 611.3).

Supports and resistances

635.5 **

629.0 *

618.1 **

613.9

609.0 last

591.9

585.5 **

579.0 *

572.6 **

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