Monero / Dollar may fall to 154.0 - 155.8

Our pivot point stands at 163.3.

Our preference

Under pressure below 163.3.

Alternative scenario

The upside breakout of 163.3, would call for 166.3 and 168.1.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 161.2 and 161.7).

Supports and resistances

168.1 **

166.3 *

163.3 **

162.1

160.0 last

155.8

154.0 **

152.2 *

150.5 **

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