Monero / Dollar may fall to 151.3 - 152.9

Our pivot point stands at 159.1.

Our preference

Under pressure below 159.1.

Alternative scenario

Above 159.1, look for 161.9 and 163.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 157.3 and 156.9).

Supports and resistances

163.5 **

161.9 *

159.1 **

158.0

156.2 last

152.9

151.3 **

149.7 *

148.0 **

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