Monero / Dollar may fall to 154.6 - 156.3

Our pivot point stands at 162.8.

Our preference

The downside prevails as long as 162.8 is resistance.

Alternative scenario

Above 162.8, look for 165.8 and 167.6.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 161 and 162).

Supports and resistances

167.6 **

165.8 *

162.8 **

161.6

160.0 last

156.3

154.6 **

152.8 *

151.0 **

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