Monero / Dollar may fall to 162.4 - 164.4

172.5 is our pivot point.

Our preference

The downside prevails as long as 172.5 is resistance.

Alternative scenario

Above 172.5, look for 175.9 and 177.9.

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 170.9 and 169.9). Finally, the Monero / Dollar has penetrated its lower Bollinger band (169.2).

Supports and resistances

177.9 **

175.9 *

172.5 **

171.1

169.2 last

164.4

162.4 **

160.4 *

158.4 **

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