Monero / Dollar may fall to 149.0 - 150.8

156.7 is our pivot point.

Our preference

The downside prevails as long as 156.7 is resistance.

Alternative scenario

The upside breakout of 156.7, would call for 159.6 and 161.4.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 155.1 and 154.8).

Supports and resistances

161.4 **

159.6 *

156.7 **

155.6

154.2 last

150.8

149.0 **

147.3 *

145.6 **

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