Monero / Dollar may fall to 136.2 - 137.9

Our pivot point stands at 143.5.

Our preference

The downside prevails as long as 143.5 is resistance.

Alternative scenario

The upside breakout of 143.5, would call for 146.2 and 147.9.

Comment

The RSI is below 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 141.9 and 142.4).

Supports and resistances

147.9 **

146.2 *

143.5 **

142.4

141.2 last

137.9

136.2 **

134.6 *

132.9 **

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