Monero / Dollar may fall to 137.8 - 139.5

Our pivot point stands at 146.0.

Our preference

Under pressure below 146.0.

Alternative scenario

The upside breakout of 146, would call for 148.8 and 150.5.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 143.7 and 143.1).

Supports and resistances

150.5 **

148.8 *

146.0 **

144.9

142.8 last

139.5

137.8 **

136.2 *

134.5 **

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