Monero / Dollar may fall to 152.4 - 154.2

160.1 is our pivot point.

Our preference

Target 152.4.

Alternative scenario

The upside breakout of 160.1, would call for 163 and 164.8.

Comment

The RSI is below 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 its 20 period moving average (158.7) but above its 50 period moving average (157.3).

Supports and resistances

164.8 **

163.0 *

160.1 **

158.9

157.7 last

154.2

152.4 **

150.6 *

148.9 **

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