Monero / Dollar may rise to 153.9 - 155.6

Our pivot point is at 147.4.

Our preference

Rebound towards 155.6.

Alternative scenario

The downside breakout of 147.4 would call for 144.6 and 142.9.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 151 and 154.3).

Supports and resistances

158.9 **

157.3 *

155.6 **

153.9

150.0 last

148.5

147.4 **

144.6 *

142.9 **

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