Monero / Dollar may rise to 155.7 - 157.2

Our pivot point is at 149.8.

Our preference

As long as 149.8 is support look for 157.2.

Alternative scenario

The downside breakout of 149.8 would call for 147.3 and 145.8.

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 under its 20 period moving average (152) but above its 50 period moving average (150.9).

Supports and resistances

160.3 **

158.8 *

157.2 **

155.7

151.8 last

150.8

149.8 **

147.3 *

145.8 **

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