Monero / Dollar may rise to 147.9 - 149.6

Our pivot point is at 141.5.

Our preference

The upside prevails as long as 141.5 is support.

Alternative scenario

The downside breakout of 141.5 would call for 138.7 and 137.

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 trading above both its 20 and 50 period moving average (respectively at 141.4 and 141.4).

Supports and resistances

153.0 **

151.3 *

149.6 **

147.9

143.9 last

142.6

141.5 **

138.7 *

137.0 **

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