Monero / Dollar may fall to 161.4 - 163.3

169.8 is our pivot point.

Our preference

The downside prevails as long as 169.8 is resistance.

Alternative scenario

The upside breakout of 169.8, would call for 173 and 174.9.

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 169.1 and 169.3).

Supports and resistances

174.9 **

173.0 *

169.8 **

168.6

167.3 last

163.3

161.4 **

159.5 *

157.6 **

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