Monero / Dollar may rise to 158.7 - 160.2

Our pivot point stands at 151.6.

Our preference

The upside prevails as long as 151.6 is support.

Alternative scenario

The downside breakout of 151.6 would call for 149.1 and 147.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 151.5 and 151.3).

Supports and resistances

163.3 **

161.8 *

160.2 **

158.7

153.7 last

152.7

151.6 **

149.1 *

147.6 **

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