Binance Coin / Dollar may fall to 570.0 - 575.8

Our pivot point is at 595.2.

Our preference

The downside prevails as long as 595.2 is resistance.

Alternative scenario

Above 595.2, look for 605 and 610.9.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 595.5 and 597.4).

Supports and resistances

610.9 **

605.0 *

595.2 **

591.4

587.5 last

575.8

570.0 **

564.1 *

558.3 **

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