Monero / Dollar may rise to 152.6 - 154.0

Our pivot point stands at 147.6.

Our preference

Our next up target stands at 154.0.

Alternative scenario

The downside breakout of 147.6 would call for 145.1 and 143.6.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 149.3 and 149.4).

Supports and resistances

157.0 **

155.5 *

154.0 **

152.6

149.6 last

148.6

147.6 **

145.1 *

143.6 **

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