Monero / Dollar may fall to 162.5 - 164.4

171.1 is our pivot point.

Our preference

The downside prevails as long as 171.1 is resistance.

Alternative scenario

The upside breakout of 171.1, would call for 174.4 and 176.3.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 168.9 and 169.4).

Supports and resistances

176.3 **

174.4 *

171.1 **

169.9

168.3 last

164.4

162.5 **

160.6 *

158.6 **

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