Monero / Dollar may rise to 147.4 - 149.1

Our pivot point is at 140.9.

Our preference

The upside prevails as long as 140.9 is support.

Alternative scenario

The downside breakout of 140.9 would call for 138 and 136.2.

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 143 and 142.5).

Supports and resistances

152.6 **

150.9 *

149.1 **

147.4

143.8 last

142.1

140.9 **

138.0 *

136.2 **

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