Monero / Dollar may rise to 153.4 - 154.9

Our pivot point stands at 148.3.

Our preference

As long as 148.3 is support look for 154.9.

Alternative scenario

The downside breakout of 148.3 would call for 145.8 and 144.3.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 150.3 and 149.8).

Supports and resistances

157.9 **

156.4 *

154.9 **

153.4

150.3 last

149.3

148.3 **

145.8 *

144.3 **

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