Monero / Dollar may fall to 167.1 - 169.1

Our pivot point is at 176.1.

Our preference

The downside prevails as long as 176.1 is resistance.

Alternative scenario

The upside breakout of 176.1, would call for 179.4 and 181.4.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 173.6 and 174.4).

Supports and resistances

181.4 **

179.4 *

176.1 **

174.8

173.4 last

169.1

167.1 **

165.1 *

163.2 **

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