Monero may fall to 169.7 - 171.0

Our pivot point is at 175.5.

Our preference

The downside prevails as long as 175.5 is resistance.

Alternative scenario

Above 175.5, look for 177.6 and 178.8.

Comment

The RSI is below 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 174.4 and 173.9).

Supports and resistances

178.8 **

177.6 *

175.5 **

174.6

173.8 last

171.0

169.7 **

168.5 *

167.2 **

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