Binance Coin / Dollar may fall to 551.8 - 557.4

581.9 is our pivot point.

Our preference

The downside prevails as long as 581.9 is resistance.

Alternative scenario

Above 581.9, look for 591.3 and 596.9.

Comment

The RSI is below its neutrality area at 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 575.3 and 573.2).

Supports and resistances

596.9 **

591.3 *

581.9 **

578.2

572.2 last

557.4

551.8 **

546.3 *

540.7 **

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