Monero / Dollar may fall to 118.4 - 130.3

170.6 is our pivot point.

Our preference

The downside prevails as long as 170.6 is resistance.

Alternative scenario

The upside breakout of 170.6, would call for 190.8 and 202.8.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 162.1 and 159.6).

Supports and resistances

202.8 **

190.8 *

170.6 **

162.7

154.3 last

130.3

118.4 **

106.5 *

94.5 **

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