Monero / Dollar may fall to 136.0 - 137.7

Our pivot point is at 144.1.

Our preference

The downside prevails as long as 144.1 is resistance.

Alternative scenario

The upside breakout of 144.1, would call for 147 and 148.7.

Comment

The RSI is below its neutrality area at 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 and 142.3).

Supports and resistances

148.7 **

147.0 *

144.1 **

142.9

141.3 last

137.7

136.0 **

134.3 *

132.6 **

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