Monero / Dollar may fall to 162.5 - 164.4

Our pivot point is at 171.0.

Our preference

As long as 171 is resistance look for 162.5.

Alternative scenario

The upside breakout of 171, would call for 174.2 and 176.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 168.7 and 169.1).

Supports and resistances

176.0 **

174.2 *

171.0 **

169.8

168.1 last

164.4

162.5 **

160.7 *

158.8 **

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