Monero / Dollar may fall to 144.0 - 145.5

150.5 is our pivot point.

Our preference

The downside prevails as long as 150.5 is resistance.

Alternative scenario

Above 150.5, look for 153 and 154.4.

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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 150.4 and 151.1).

Supports and resistances

154.4 **

153.0 *

150.5 **

149.5

148.5 last

145.5

144.0 **

142.5 *

141.0 **

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