Monero / Dollar may fall to 167.9 - 169.9

Our pivot point is at 176.8.

Our preference

The downside prevails as long as 176.8 is resistance.

Alternative scenario

Above 176.8, look for 180.2 and 182.3.

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 177.9 and 177.8).

Supports and resistances

182.3 **

180.2 *

176.8 **

175.5

174.0 last

169.9

167.9 **

165.9 *

163.8 **

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