Monero / Dollar may fall to 171.2 - 173.3

Our pivot point is at 181.5.

Our preference

Target 171.2.

Alternative scenario

The upside breakout of 181.5, would call for 185.1 and 187.2.

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 (177.9) but above its 50 period moving average (176.8).

Supports and resistances

187.2 **

185.1 *

181.5 **

180.2

177.7 last

173.3

171.2 **

169.1 *

167.1 **

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