Monero / Dollar may fall to 132.0 - 133.6

141.8 is our pivot point.

Our preference

The downside prevails as long as 141.8 is resistance.

Alternative scenario

Above 141.8, look for 144.5 and 146.2.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 141.5 and 141.7). Finally, the Monero / Dollar has penetrated its lower Bollinger band (138.6).

Supports and resistances

146.2 **

144.5 *

141.8 **

140.7

137.3 last

133.6

132.0 **

130.4 *

128.8 **

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