Binance Coin / Dollar may fall to 577.5 - 583.8

Our pivot point is at 610.7.

Our preference

The downside prevails as long as 610.7 is resistance.

Alternative scenario

Above 610.7, look for 621.5 and 627.8.

Comment

The RSI is below 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 604.5 and 605.7).

Supports and resistances

627.8 **

621.5 *

610.7 **

606.5

598.3 last

583.8

577.5 **

571.1 *

564.8 **

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