Monero / Dollar may fall to 136.2 - 138.0

Our pivot point stands at 144.3.

Our preference

Technical rebound towards 144.3 before a new drop.

Alternative scenario

The upside breakout of 144.3, would call for 147.2 and 149.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (141.5) but under its 50 period moving average (141.7).

Supports and resistances

149.0 **

147.2 *

144.3 **

143.2

141.7 last

138.0

136.2 **

134.5 *

132.8 **

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