Monero / Dollar may fall to 146.3 - 147.8

Our pivot point is at 152.9.

Our preference

Under pressure below 152.9.

Alternative scenario

The upside breakout of 152.9, would call for 155.4 and 156.9.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 151.3 and 150.9).

Supports and resistances

156.9 **

155.4 *

152.9 **

151.9

150.8 last

147.8

146.3 **

144.8 *

143.3 **

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