Monero / Dollar may fall to 158.9 - 160.4

Our pivot point stands at 165.7.

Our preference

The downside prevails as long as 165.7 is resistance.

Alternative scenario

Above 165.7, look for 168.3 and 169.9.

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 is trading under both its 20 and 50 period moving average (respectively at 165.4 and 167.8).

Supports and resistances

169.9 **

168.3 *

165.7 **

164.7

163.6 last

160.4

158.9 **

157.3 *

155.8 **

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