Monero / Dollar may fall to 150.8 - 152.6

158.5 is our pivot point.

Our preference

The downside prevails as long as 158.5 is resistance.

Alternative scenario

Above 158.5, look for 161.4 and 163.1.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 156.9 and 156.4).

Supports and resistances

163.1 **

161.4 *

158.5 **

157.3

156.2 last

152.6

150.8 **

149.1 *

147.4 **

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