Monero / Dollar may fall to 161.4 - 163.3

170.8 is our pivot point.

Our preference

Target 161.4.

Alternative scenario

Above 170.8, look for 173.9 and 175.8.

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 below its 20 period moving average (170.6) but above its 50 period moving average (167.1).

Supports and resistances

175.8 **

173.9 *

170.8 **

169.5

167.2 last

163.3

161.4 **

159.6 *

157.7 **

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