Monero / Dollar may fall to 167.1 - 168.8

Our pivot point is at 175.6.

Our preference

The downside prevails as long as 175.6 is resistance.

Alternative scenario

The upside breakout of 175.6, would call for 178.4 and 180.

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 173.9 and 173.1).

Supports and resistances

180.0 **

178.4 *

175.6 **

174.5

172.3 last

168.8

167.1 **

165.5 *

163.9 **

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