Monero / Dollar may fall to 144.5 - 146.2

Our pivot point stands at 152.0.

Our preference

Under pressure below 152.0.

Alternative scenario

The upside breakout of 152, would call for 154.8 and 156.4.

Comment

The RSI is below 50. The MACD is positive and below its signal line. 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 150.3 and 150).

Supports and resistances

156.4 **

154.8 *

152.0 **

150.9

149.5 last

146.2

144.5 **

142.8 *

141.2 **

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