Monero / Dollar may fall to 151.4 - 153.0

158.8 is our pivot point.

Our preference

As long as 158.8 is resistance look for 151.4.

Alternative scenario

Above 158.8, look for 161.5 and 163.1.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (156.1) but under its 50 period moving average (156.5).

Supports and resistances

163.1 **

161.5 *

158.8 **

157.7

156.3 last

153.0

151.4 **

149.8 *

148.1 **

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