Monero / Dollar may fall to 165.9 - 167.5

174.8 is our pivot point.

Our preference

Target 165.9.

Alternative scenario

The upside breakout of 174.8, would call for 177.6 and 179.2.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (172.8) but above its 50 period moving average (169.7).

Supports and resistances

179.2 **

177.6 *

174.8 **

173.8

171.4 last

167.5

165.9 **

164.3 *

162.7 **

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