Binance Coin / Dollar may fall to 555.9 - 561.5

586.6 is our pivot point.

Our preference

Target 555.9.

Alternative scenario

Above 586.6, look for 596.1 and 601.8.

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 (577.5) but above its 50 period moving average (571.7).

Supports and resistances

601.8 **

596.1 *

586.6 **

582.8

576.0 last

561.5

555.9 **

550.3 *

544.7 **

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