Monero / Dollar may fall to 161.6 - 163.2

Our pivot point is at 168.7.

Our preference

Technical rebound towards 168.7 before a new drop.

Alternative scenario

The upside breakout of 168.7, would call for 171.3 and 172.9.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (165.2) but below its 50 period moving average (166.9).

Supports and resistances

172.9 **

171.3 *

168.7 **

167.6

166.5 last

163.2

161.6 **

160.0 *

158.5 **

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