Binance Coin / Dollar may fall to 556.2 - 561.8

Our pivot point stands at 580.7.

Our preference

The downside prevails as long as 580.7 is resistance.

Alternative scenario

Above 580.7, look for 590.1 and 595.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 573.4 and 574.6).

Supports and resistances

595.7 **

590.1 *

580.7 **

577.0

573.1 last

561.8

556.2 **

550.6 *

545.0 **

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