Monero / Dollar may fall to 168.8 - 170.8

178.1 is our pivot point.

Our preference

Target 168.8.

Alternative scenario

The upside breakout of 178.1, would call for 181.6 and 183.6.

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) but above its 50 period moving average (175.4). Finally, the Monero / Dollar has penetrated its lower Bollinger band (175.6).

Supports and resistances

183.6 **

181.6 *

178.1 **

176.8

175.4 last

170.8

168.8 **

166.7 *

164.7 **

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