Monero / Dollar may fall to 151.3 - 153.0

159.4 is our pivot point.

Our preference

Under pressure below 159.4.

Alternative scenario

Above 159.4, look for 162.2 and 163.8.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 157.7 and 156.9).

Supports and resistances

163.8 **

162.2 *

159.4 **

158.3

156.3 last

153.0

151.3 **

149.7 *

148.0 **

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