Monero / Dollar may fall to 159.6 - 161.1

Our pivot point stands at 168.3.

Our preference

The downside prevails as long as 168.3 is resistance.

Alternative scenario

Above 168.3, look for 171 and 172.5.

Comment

The RSI is below its neutrality area at 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 and 168.6). Finally, the Monero / Dollar has penetrated its lower Bollinger band (164.4).

Supports and resistances

172.5 **

171.0 *

168.3 **

167.3

164.4 last

161.1

159.6 **

158.0 *

156.5 **

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