Monero / Dollar may fall to 118.7 - 128.9

Our pivot point stands at 165.1.

Our preference

The downside prevails as long as 165.1 is resistance.

Alternative scenario

The upside breakout of 165.1, would call for 182.6 and 193.

Comment

The RSI is below 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 154.7 and 158.5).

Supports and resistances

193.0 **

182.6 *

165.1 **

158.3

151.1 last

128.9

118.7 **

108.4 *

98.2 **

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