Binance Coin / Dollar may fall to 583.2 - 589.6

Our pivot point stands at 614.0.

Our preference

The downside prevails as long as 614 is resistance.

Alternative scenario

The upside breakout of 614, would call for 624.8 and 631.2.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 607.4 and 606.7).

Supports and resistances

631.2 **

624.8 *

614.0 **

609.7

602.9 last

589.6

583.2 **

576.8 *

570.4 **

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