Monero / Dollar may fall to 161.2 - 162.8

Our pivot point stands at 168.1.

Our preference

The downside prevails as long as 168.1 is resistance.

Alternative scenario

Above 168.1, look for 170.7 and 172.3.

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 166.5 and 167.1).

Supports and resistances

172.3 **

170.7 *

168.1 **

167.0

165.9 last

162.8

161.2 **

159.6 *

158.1 **

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