Monero / Dollar may rise to 154.8 - 156.3

Our pivot point stands at 148.5.

Our preference

Look for a drop towards 148.5 before a bounce.

Alternative scenario

Below 148.5, expect 146.0 and 144.5.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 150.9 and 151).

Supports and resistances

159.3 **

157.8 *

156.3 **

154.8

151.6 last

149.5

148.5 **

146.0 *

144.5 **

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