Binance Coin / Dollar may fall to 585.1 - 591.5

615.0 is our pivot point.

Our preference

Eye 585.1.

Alternative scenario

The upside breakout of 615, would call for 625.8 and 632.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under its 20 period moving average (606.2) but above its 50 period moving average (604.9).

Supports and resistances

632.2 **

625.8 *

615.0 **

610.7

605.3 last

591.5

585.1 **

578.7 *

572.3 **

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