Monero / Dollar may fall to 152.5 - 154.2

Our pivot point is at 161.0.

Our preference

The downside prevails as long as 161 is resistance.

Alternative scenario

Above 161.0, look for 164.0 and 165.8.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 158.7 and 159.5).

Supports and resistances

165.8 **

164.0 *

161.0 **

159.9

158.5 last

154.2

152.5 **

150.7 *

148.9 **

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