Monero / Dollar may rise to 146.7 - 148.5

Our pivot point is at 140.4.

Our preference

The upside prevails as long as 140.4 is support.

Alternative scenario

The downside breakout of 140.4 would call for 137.4 and 135.7.

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 142.1 and 142.4). Finally, the Monero / Dollar is trading above its upper Bollinger band (standing at 143.1).

Supports and resistances

152.0 **

150.2 *

148.5 **

146.7

143.2 last

141.5

140.4 **

137.4 *

135.7 **

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