Binance Coin / Dollar may fall to 561.9 - 567.7

Our pivot point stands at 592.2.

Our preference

The downside prevails as long as 592.2 is resistance.

Alternative scenario

The upside breakout of 592.2, would call for 601.9 and 607.8.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 586.9 and 594.1).

Supports and resistances

607.8 **

601.9 *

592.2 **

588.3

579.7 last

567.7

561.9 **

556.2 *

550.4 **

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