Monero / Dollar may fall to 162.6 - 164.6

Our pivot point stands at 172.0.

Our preference

The downside prevails as long as 172 is resistance.

Alternative scenario

Above 172, look for 175.4 and 177.4.

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 172.5 and 174.4).

Supports and resistances

177.4 **

175.4 *

172.0 **

170.7

169.4 last

164.6

162.6 **

160.7 *

158.7 **

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