Monero / Dollar may rise to 154.8 - 156.3

Our pivot point is at 149.4.

Our preference

The upside prevails as long as 149.4 is support.

Alternative scenario

The downside breakout of 149.4 would call for 146.9 and 145.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 150.7 and 149.8).

Supports and resistances

159.3 **

157.8 *

156.3 **

154.8

151.8 last

150.4

149.4 **

146.9 *

145.4 **

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