Binance Coin / Dollar may fall to 566.8 - 572.6

593.5 is our pivot point.

Our preference

The downside prevails as long as 593.5 is resistance.

Alternative scenario

Above 593.5, look for 603.3 and 609.1.

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 588.6 and 587.2).

Supports and resistances

609.1 **

603.3 *

593.5 **

589.6

584.7 last

572.6

566.8 **

561.0 *

555.2 **

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