Monero / Dollar may fall to 159.8 - 161.8

Our pivot point stands at 168.6.

Our preference

Target 159.8.

Alternative scenario

Above 168.6, look for 171.9 and 173.9.

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 trading under its 20 period moving average (166.3) but above its 50 period moving average (165.6).

Supports and resistances

173.9 **

171.9 *

168.6 **

167.3

165.9 last

161.8

159.8 **

157.8 *

155.8 **

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