Monero / Dollar may fall to 145.1 - 146.6

Our pivot point is at 152.9.

Our preference

The downside prevails as long as 152.9 is resistance.

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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 151.8 and 151.6). Finally, the Monero / Dollar has penetrated its lower Bollinger band (149.6).

Supports and resistances

156.9 **

155.4 *

152.9 **

151.9

149.6 last

146.6

145.1 **

143.6 *

142.1 **

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