Monero / Dollar may fall to 142.6 - 144.2

Our pivot point stands at 150.1.

Our preference

The downside prevails as long as 150.1 is resistance.

Alternative scenario

The upside breakout of 150.1, would call for 152.9 and 154.5.

Comment

The RSI is below its neutrality area at 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 149.3 and 148.3).

Supports and resistances

154.5 **

152.9 *

150.1 **

149.0

147.8 last

144.2

142.6 **

141.0 *

139.3 **

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