Binance Coin / Dollar may fall to 583.9 - 590.3

613.9 is our pivot point.

Our preference

The downside prevails as long as 613.9 is resistance.

Alternative scenario

The upside breakout of 613.9, would call for 624.7 and 631.1.

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 606.2 and 611.1).

Supports and resistances

631.1 **

624.7 *

613.9 **

609.6

603.4 last

590.3

583.9 **

577.5 *

571.1 **

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