Monero / Dollar may fall to 149.6 - 151.3

Our pivot point is at 157.1.

Our preference

Technical rebound towards 157.1 before a new drop.

Alternative scenario

Above 157.1, look for 159.8 and 161.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (153.9) but below its 50 period moving average (154.9).

Supports and resistances

161.4 **

159.8 *

157.1 **

156.0

154.9 last

151.3

149.6 **

148.0 *

146.4 **

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