Monero / Dollar may fall to 159.6 - 161.6

Our pivot point stands 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 171.7 and 173.6.

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 166.6 and 166.9).

Supports and resistances

173.6 **

171.7 *

168.3 **

167.0

165.7 last

161.6

159.6 **

157.6 *

155.6 **

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