Monero / Dollar may fall to 150.9 - 152.4

Our pivot point stands at 158.0.

Our preference

The downside prevails as long as 158 is resistance.

Alternative scenario

Above 158.0, look for 160.5 and 162.0.

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 160 and 162.2).

Supports and resistances

162.0 **

160.5 *

158.0 **

157.0

156.0 last

152.4

150.9 **

149.4 *

147.9 **

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