Monero / Dollar may fall to 158.3 - 159.9

165.8 is our pivot point.

Our preference

The downside prevails as long as 165.8 is resistance.

Alternative scenario

Above 165.8, look for 168.4 and 169.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 165.9 and 165.7). Finally, the Monero / Dollar has penetrated its lower Bollinger band (163.3).

Supports and resistances

169.9 **

168.4 *

165.8 **

164.8

163.0 last

159.9

158.3 **

156.8 *

155.3 **

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