Monero / Dollar may fall to 166.7 - 168.7

Our pivot point stands at 176.2.

Our preference

The downside prevails as long as 176.2 is resistance.

Alternative scenario

The upside breakout of 176.2, would call for 179.6 and 181.7.

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 174.5 and 175.4). Finally, the Monero / Dollar has penetrated its lower Bollinger band (172.9).

Supports and resistances

181.7 **

179.6 *

176.2 **

174.9

172.8 last

168.7

166.7 **

164.7 *

162.6 **

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