Binance Coin / Dollar may fall to 559.0 - 564.7

Our pivot point is at 587.7.

Our preference

The downside prevails as long as 587.7 is resistance.

Alternative scenario

The upside breakout of 587.7, would call for 597.4 and 603.2.

Comment

The RSI is below its neutrality area at 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 587.2 and 597.6).

Supports and resistances

603.2 **

597.4 *

587.7 **

583.9

578.1 last

564.7

559.0 **

553.3 *

547.5 **

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