Monero / Dollar may fall to 157.6 - 159.4

165.7 is our pivot point.

Our preference

Target 157.6.

Alternative scenario

Above 165.7, look for 168.8 and 170.6.

Comment

The RSI is below its neutrality area at 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 (163.8) but above its 50 period moving average (162.4).

Supports and resistances

170.6 **

168.8 *

165.7 **

164.5

163.2 last

159.4

157.6 **

155.8 *

154.0 **

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