Monero / Dollar may fall to 149.6 - 151.3

Our pivot point is at 156.9.

Our preference

The downside prevails as long as 156.9 is resistance.

Alternative scenario

Above 156.9, look for 159.7 and 161.3.

Comment

The RSI is below 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 156.6 and 155.9).

Supports and resistances

161.3 **

159.7 *

156.9 **

155.9

154.8 last

151.3

149.6 **

148.0 *

146.4 **

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