Monero / Dollar may fall to 161.0 - 162.6

168.0 is our pivot point.

Our preference

Target 161.0.

Alternative scenario

Above 168, look for 170.7 and 172.2.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (166.3) but above its 50 period moving average (165.7).

Supports and resistances

172.2 **

170.7 *

168.0 **

167.0

165.7 last

162.6

161.0 **

159.5 *

157.9 **

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