Binance Coin / Dollar may fall to 574.5 - 580.4

603.3 is our pivot point.

Our preference

The downside prevails as long as 603.3 is resistance.

Alternative scenario

Above 603.3, look for 613.3 and 619.2.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 600 and 603.7).

Supports and resistances

619.2 **

613.3 *

603.3 **

599.4

592.2 last

580.4

574.5 **

568.6 *

562.7 **

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