Binance Coin / Dollar may fall to 579.8 - 585.7

Our pivot point stands at 610.2.

Our preference

Target 579.8.

Alternative scenario

The upside breakout of 610.2, would call for 620.3 and 626.3.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (600.6) but above its 50 period moving average (595.2).

Supports and resistances

626.3 **

620.3 *

610.2 **

606.3

597.6 last

585.7

579.8 **

573.8 *

567.9 **

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