Monero / Dollar may rise to 146.3 - 148.0

Our pivot point stands at 140.6.

Our preference

Our next up target stands at 148.0.

Alternative scenario

The downside breakout of 140.6 would call for 137.8 and 136.1.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 141.8 and 142.6).

Supports and resistances

151.3 **

149.6 *

148.0 **

146.3

142.8 last

141.7

140.6 **

137.8 *

136.1 **

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