Monero / Dollar may fall to 154.8 - 156.6

Our pivot point stands at 163.1.

Our preference

The downside prevails as long as 163.1 is resistance.

Alternative scenario

Above 163.1, look for 166.1 and 167.9.

Comment

The RSI is below its neutrality area at 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 161 and 160.8).

Supports and resistances

167.9 **

166.1 *

163.1 **

161.9

160.7 last

156.6

154.8 **

153.0 *

151.2 **

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