Monero / Dollar may fall to 160.2 - 161.7

Our pivot point stands at 168.3.

Our preference

As long as 168.3 is resistance look for 160.2.

Alternative scenario

The upside breakout of 168.3, would call for 170.9 and 172.5.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 166 and 165.8).

Supports and resistances

172.5 **

170.9 *

168.3 **

167.2

165.8 last

161.7

160.2 **

158.6 *

157.1 **

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