Monero / Dollar may rise to 154.1 - 155.6

149.1 is our pivot point.

Our preference

Look for a drop towards 149.1 before a bounce.

Alternative scenario

Below 149.1, expect 146.6 and 145.1.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is below its 20 period moving average (151.2) but above its 50 period moving average (150.9).

Supports and resistances

158.6 **

157.1 *

155.6 **

154.1

151.1 last

150.1

149.1 **

146.6 *

145.1 **

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