Monero / Dollar may fall to 157.5 - 159.4

Our pivot point stands at 166.1.

Our preference

Technical rebound towards 166.1 before a new drop.

Alternative scenario

The upside breakout of 166.1, would call for 169.2 and 171.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (162.3) but below its 50 period moving average (163.7).

Supports and resistances

171.1 **

169.2 *

166.1 **

164.9

163.3 last

159.4

157.5 **

155.7 *

153.8 **

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