Monero / Dollar may fall to 162.2 - 164.1

Our pivot point stands at 170.4.

Our preference

The downside prevails as long as 170.4 is resistance.

Alternative scenario

Above 170.4, look for 173.6 and 175.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 169 and 169.1). Finally, the Monero / Dollar is trading below its lower Bollinger band (standing at 167.8).

Supports and resistances

175.4 **

173.6 *

170.4 **

169.2

167.8 last

164.1

162.2 **

160.4 *

158.5 **

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