Monero / Dollar may fall to 114.3 - 124.2

160.8 is our pivot point.

Our preference

The downside prevails as long as 160.8 is resistance.

Alternative scenario

The upside breakout of 160.8, would call for 177.9 and 188.1.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 158.6 and 164.4).

Supports and resistances

188.1 **

177.9 *

160.8 **

154.1

146.4 last

124.2

114.3 **

104.3 *

94.3 **

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