Monero / Dollar may rise to 150.1 - 151.8

Our pivot point stands at 144.5.

Our preference

Rebound.

Alternative scenario

The downside breakout of 144.5 would call for 141.8 and 140.2.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (141.4) but under its 50 period moving average (151).

Supports and resistances

155.0 **

153.4 *

151.8 **

150.1

146.7 last

145.6

144.5 **

141.8 *

140.2 **

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