Binance Coin / Dollar may fall to 567.3 - 573.2

595.1 is our pivot point.

Our preference

The downside prevails as long as 595.1 is resistance.

Alternative scenario

The upside breakout of 595.1, would call for 604.9 and 610.8.

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 593.6 and 597.1).

Supports and resistances

610.8 **

604.9 *

595.1 **

591.3

586.5 last

573.2

567.3 **

561.5 *

555.7 **

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