Monero / Dollar may fall to 150.6 - 152.3

Our pivot point stands at 158.3.

Our preference

Target 150.6.

Alternative scenario

Above 158.3, look for 161.2 and 163.

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 is trading under its 20 period moving average (156.9) but above its 50 period moving average (155.6).

Supports and resistances

163.0 **

161.2 *

158.3 **

157.2

156.0 last

152.3

150.6 **

148.9 *

147.1 **

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