Monero / Dollar may fall to 151.6 - 153.1

Our pivot point is at 158.5.

Our preference

The downside prevails as long as 158.5 is resistance.

Alternative scenario

The upside breakout of 158.5, would call for 161 and 162.5.

Comment

The RSI is below its neutrality area at 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 157.5 and 157.8).

Supports and resistances

162.5 **

161.0 *

158.5 **

157.5

156.3 last

153.1

151.6 **

150.1 *

148.6 **

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