Monero / Dollar may fall to 172.7 - 174.8

Our pivot point stands at 183.3.

Our preference

Target 172.7.

Alternative scenario

Above 183.3, look for 186.8 and 188.9.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (179.8) but above its 50 period moving average (178.1).

Supports and resistances

188.9 **

186.8 *

183.3 **

181.9

179.0 last

174.8

172.7 **

170.6 *

168.5 **

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