Monero / Dollar may fall to 168.6 - 170.7

Our pivot point is at 180.0.

Our preference

The downside prevails as long as 180 is resistance.

Alternative scenario

The upside breakout of 180, would call for 183.5 and 185.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 179.3 and 178.2). Finally, the Monero / Dollar is trading below its lower Bollinger band (standing at 175.9).

Supports and resistances

185.6 **

183.5 *

180.0 **

178.6

174.9 last

170.7

168.6 **

166.6 *

164.5 **

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