Monero / Dollar may fall to 151.7 - 153.1

Our pivot point stands at 159.8.

Our preference

The downside prevails as long as 159.8 is resistance.

Alternative scenario

The upside breakout of 159.8, would call for 162.3 and 163.8.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 158.1 and 157.8).

Supports and resistances

163.8 **

162.3 *

159.8 **

158.8

156.1 last

153.1

151.7 **

150.2 *

148.7 **

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