Binance Coin / Dollar may fall to 583.6 - 590.0

Our pivot point stands at 614.8.

Our preference

Under pressure below 614.8.

Alternative scenario

Above 614.8, look for 625.6 and 632.

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 607.8 and 606.9).

Supports and resistances

632.0 **

625.6 *

614.8 **

610.5

604.9 last

590.0

583.6 **

577.2 *

570.8 **

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