Monero / Dollar may fall to 153.3 - 154.8

Our pivot point is at 160.5.

Our preference

The downside prevails as long as 160.5 is resistance.

Alternative scenario

Above 160.5, look for 163 and 164.5.

Comment

The RSI is below its neutrality area at 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 159.6 and 159.4).

Supports and resistances

164.5 **

163.0 *

160.5 **

159.5

157.9 last

154.8

153.3 **

151.8 *

150.3 **

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