Monero / Dollar may rise to 153.6 - 155.3

Our pivot point is at 146.7.

Our preference

Our next up target stands at 155.3.

Alternative scenario

The downside breakout of 146.7 would call for 144 and 142.3.

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 trading above both its 20 and 50 period moving average (respectively at 149.7 and 150).

Supports and resistances

158.6 **

157.0 *

155.3 **

153.6

150.3 last

147.8

146.7 **

144.0 *

142.3 **

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