Binance Coin / Dollar may fall to 554.0 - 559.6

Our pivot point is at 581.1.

Our preference

Eye 554.0.

Alternative scenario

The upside breakout of 581.1, would call for 590.6 and 596.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (577) but above its 50 period moving average (572).

Supports and resistances

596.2 **

590.6 *

581.1 **

577.4

573.1 last

559.6

554.0 **

548.4 *

542.9 **

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