Monero / Dollar may fall to 153.6 - 155.3

Our pivot point is at 161.2.

Our preference

Eye 153.6.

Alternative scenario

The upside breakout of 161.2, would call for 164 and 165.7.

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 is below its 20 period moving average (159.8) but above its 50 period moving average (158.8).

Supports and resistances

165.7 **

164.0 *

161.2 **

160.1

158.9 last

155.3

153.6 **

151.9 *

150.3 **

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