Monero / Dollar may rise to 158.3 - 159.9

Our pivot point is at 153.1.

Our preference

The upside prevails as long as 153.1 is support.

Alternative scenario

The downside breakout of 153.1 would call for 150.5 and 149.

Comment

The RSI is above its neutrality area at 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 153.4 and 152).

Supports and resistances

163.0 **

161.4 *

159.9 **

158.3

155.3 last

154.1

153.1 **

150.5 *

149.0 **

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