Monero / Dollar may fall to 119.4 - 132.6

Our pivot point stands at 176.2.

Our preference

Target 119.4.

Alternative scenario

Above 176.2, look for 198.3 and 211.5.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (169.2) but above its 50 period moving average (151.7).

Supports and resistances

211.5 **

198.3 *

176.2 **

167.6

158.9 last

132.6

119.4 **

106.3 *

93.1 **

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