Binance Coin / Dollar may fall to 553.0 - 558.6

Our pivot point is at 579.7.

Our preference

The downside prevails as long as 579.7 is resistance.

Alternative scenario

Above 579.7, look for 589.1 and 594.7.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 576.2 and 575.4).

Supports and resistances

594.7 **

589.1 *

579.7 **

576.0

572.1 last

558.6

553.0 **

547.4 *

541.8 **

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