Monero / Dollar may rise to 152.5 - 154.0

Our pivot point is at 147.5.

Our preference

Rebound towards 154.0.

Alternative scenario

The downside breakout of 147.5 would call for 145 and 143.5.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (149.4) but under its 50 period moving average (149.6).

Supports and resistances

157.0 **

155.5 *

154.0 **

152.5

149.5 last

148.5

147.5 **

145.0 *

143.5 **

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