Monero / Dollar may fall to 158.1 - 160.0

167.6 is our pivot point.

Our preference

The downside prevails as long as 167.6 is resistance.

Alternative scenario

The upside breakout of 167.6, would call for 170.9 and 172.9.

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 stands below its 20 and 50 period moving average (respectively at 165.3 and 164.8).

Supports and resistances

172.9 **

170.9 *

167.6 **

166.3

164.7 last

160.0

158.1 **

156.1 *

154.1 **

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