Monero / Dollar may rise to 158.4 - 160.2

Our pivot point stands at 152.2.

Our preference

The upside prevails as long as 152.2 is support.

Alternative scenario

Below 152.2, expect 149.3 and 147.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 154.5 and 153.8).

Supports and resistances

163.6 **

161.9 *

160.2 **

158.4

155.0 last

153.4

152.2 **

149.3 *

147.6 **

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