Monero / Dollar may fall to 153.7 - 155.5

162.0 is our pivot point.

Our preference

The downside prevails as long as 162 is resistance.

Alternative scenario

Above 162.0, look for 165.0 and 166.8.

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 160.4 and 160.5).

Supports and resistances

166.8 **

165.0 *

162.0 **

160.9

159.5 last

155.5

153.7 **

152.0 *

150.2 **

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