Monero / Dollar may fall to 148.6 - 150.2

Our pivot point is at 155.8.

Our preference

The downside prevails as long as 155.8 is resistance.

Alternative scenario

The upside breakout of 155.8, would call for 158.5 and 160.2.

Comment

The RSI is below its neutrality area at 50. 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 155.1 and 156).

Supports and resistances

160.2 **

158.5 *

155.8 **

154.8

153.5 last

150.2

148.6 **

147.0 *

145.3 **

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