Monero / Dollar may fall to 158.9 - 160.9

Our pivot point is at 168.3.

Our preference

The downside prevails as long as 168.3 is resistance.

Alternative scenario

The upside breakout of 168.3, would call for 171.6 and 173.6.

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 167 and 167.2).

Supports and resistances

173.6 **

171.6 *

168.3 **

167.0

165.7 last

160.9

158.9 **

156.9 *

155.0 **

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