Binance Coin / Dollar may fall to 574.2 - 580.1

Our pivot point stands at 601.4.

Our preference

The downside prevails as long as 601.4 is resistance.

Alternative scenario

The upside breakout of 601.4, would call for 611.3 and 617.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 599.4 and 603.2).

Supports and resistances

617.2 **

611.3 *

601.4 **

597.5

592.3 last

580.1

574.2 **

568.3 *

562.5 **

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