Monero / Dollar may fall to 158.4 - 160.4

Our pivot point stands at 167.4.

Our preference

The downside prevails as long as 167.4 is resistance.

Alternative scenario

Above 167.4, look for 170.7 and 172.6.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 164.7 and 165.1).

Supports and resistances

172.6 **

170.7 *

167.4 **

166.1

164.5 last

160.4

158.4 **

156.5 *

154.5 **

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