Monero / Dollar may fall to 150.0 - 151.6

Our pivot point is at 157.2.

Our preference

The downside prevails as long as 157.2 is resistance.

Alternative scenario

The upside breakout of 157.2, would call for 160 and 161.6.

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 156.6 and 156).

Supports and resistances

161.6 **

160.0 *

157.2 **

156.2

155.1 last

151.6

150.0 **

148.4 *

146.7 **

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