Monero / Dollar may fall to 163.0 - 164.9

Our pivot point stands at 171.1.

Our preference

Under pressure below 171.1.

Alternative scenario

Above 171.1, look for 174.3 and 176.1.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 169.3 and 169.1).

Supports and resistances

176.1 **

174.3 *

171.1 **

169.9

168.6 last

164.9

163.0 **

161.2 *

159.3 **

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