Monero / Dollar may fall to 158.5 - 160.0

Our pivot point is at 165.6.

Our preference

The downside prevails as long as 165.6 is resistance.

Alternative scenario

The upside breakout of 165.6, would call for 168.2 and 169.7.

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 165.5 and 165.8).

Supports and resistances

169.7 **

168.2 *

165.6 **

164.5

163.2 last

160.0

158.5 **

156.9 *

155.4 **

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