Monero / Dollar may fall to 163.5 - 165.4

Our pivot point stands at 171.9.

Our preference

The downside prevails as long as 171.9 is resistance.

Alternative scenario

The upside breakout of 171.9, would call for 175.1 and 177.

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 169.9 and 169.7).

Supports and resistances

177.0 **

175.1 *

171.9 **

170.6

169.3 last

165.4

163.5 **

161.6 *

159.6 **

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