Monero / Dollar may rise to 158.1 - 169.5

Our pivot point stands at 120.0.

Our preference

The upside prevails as long as 120 is support.

Alternative scenario

The downside breakout of 120 would call for 100.8 and 89.4.

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 above its 20 and 50 period moving average (respectively at 131.9 and 127.3).

Supports and resistances

192.4 **

181.0 *

169.5 **

158.1

135.2 last

127.6

120.0 **

100.8 *

89.4 **

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