Monero / Dollar may fall to 146.2 - 147.9

Our pivot point stands at 153.8.

Our preference

Target 146.2.

Alternative scenario

The upside breakout of 153.8, would call for 156.8 and 158.6.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (151.8) but above its 50 period moving average (150.8).

Supports and resistances

158.6 **

156.8 *

153.8 **

152.7

151.5 last

147.9

146.2 **

144.4 *

142.6 **

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