Monero / Dollar may rise to 154.9 - 156.6

148.1 is our pivot point.

Our preference

As long as 148.1 is support look for 156.6.

Alternative scenario

The downside breakout of 148.1 would call for 145.3 and 143.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 150.5 and 148.9).

Supports and resistances

160.0 **

158.3 *

156.6 **

154.9

151.1 last

149.2

148.1 **

145.3 *

143.6 **

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