Monero / Dollar may rise to 158.8 - 160.6

Our pivot point is at 152.4.

Our preference

The upside prevails as long as 152.4 is support.

Alternative scenario

The downside breakout of 152.4 would call for 149.5 and 147.8.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 154.8 and 154.5).

Supports and resistances

164.0 **

162.3 *

160.6 **

158.8

155.1 last

153.5

152.4 **

149.5 *

147.8 **

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