Monero / Dollar may rise to 157.7 - 159.5

Our pivot point stands at 152.0.

Our preference

The upside prevails as long as 152 is support.

Alternative scenario

Below 152.0, expect 149.1 and 147.3.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 153.5 and 152.4).

Supports and resistances

162.9 **

161.2 *

159.5 **

157.7

154.3 last

153.1

152.0 **

149.1 *

147.3 **

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