Monero / Dollar may fall to 136.1 - 137.8

Our pivot point is at 143.6.

Our preference

The downside prevails as long as 143.6 is resistance.

Alternative scenario

Above 143.6, look for 146.5 and 148.2.

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 142.8 and 142.3). Finally, the Monero / Dollar has penetrated its lower Bollinger band (141.3).

Supports and resistances

148.2 **

146.5 *

143.6 **

142.4

141.3 last

137.8

136.1 **

134.4 *

132.7 **

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