Monero / Dollar may fall to 165.9 - 167.9

Our pivot point is at 176.4.

Our preference

The downside prevails as long as 176.4 is resistance.

Alternative scenario

The upside breakout of 176.4, would call for 179.7 and 181.7.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 174.7 and 174.6).

Supports and resistances

181.7 **

179.7 *

176.4 **

175.1

173.2 last

167.9

165.9 **

163.9 *

162.0 **

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