Monero / Dollar may fall to 154.5 - 156.3

Our pivot point is at 162.8.

Our preference

The downside prevails as long as 162.8 is resistance.

Alternative scenario

The upside breakout of 162.8, would call for 165.9 and 167.7.

Comment

The RSI is below its neutrality area at 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 164.1 and 163.6).

Supports and resistances

167.7 **

165.9 *

162.8 **

161.6

160.4 last

156.3

154.5 **

152.7 *

150.9 **

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