Monero / Dollar may fall to 153.3 - 155.1

162.6 is our pivot point.

Our preference

As long as 162.6 is resistance look for 153.3.

Alternative scenario

Above 162.6, look for 165.6 and 167.4.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. 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 159.6 and 159.4).

Supports and resistances

167.4 **

165.6 *

162.6 **

161.5

158.9 last

155.1

153.3 **

151.5 *

149.8 **

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