Monero / Dollar may fall to 161.6 - 163.2

Our pivot point is at 169.5.

Our preference

The downside prevails as long as 169.5 is resistance.

Alternative scenario

Above 169.5, look for 172.2 and 173.7.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 168.7 and 168.9).

Supports and resistances

173.7 **

172.2 *

169.5 **

168.4

167.3 last

163.2

161.6 **

160.1 *

158.5 **

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