Monero / Dollar may fall to 164.6 - 166.6

Our pivot point stands at 173.2.

Our preference

The downside prevails as long as 173.2 is resistance.

Alternative scenario

The upside breakout of 173.2, would call for 176.6 and 178.6.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 173.2 and 175.9).

Supports and resistances

178.6 **

176.6 *

173.2 **

171.9

170.6 last

166.6

164.6 **

162.6 *

160.6 **

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