Monero / Dollar may fall to 160.3 - 161.9

Our pivot point stands at 167.6.

Our preference

The downside prevails as long as 167.6 is resistance.

Alternative scenario

Above 167.6, look for 170.2 and 171.8.

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 168.6 and 166.7).

Supports and resistances

171.8 **

170.2 *

167.6 **

166.5

165.4 last

161.9

160.3 **

158.8 *

157.2 **

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