Monero / Dollar may rise to 146.7 - 148.4

Our pivot point stands at 141.2.

Our preference

The upside prevails as long as 141.2 is support.

Alternative scenario

Below 141.2, expect 138.3 and 136.7.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 142.2 and 141.5).

Supports and resistances

151.8 **

150.1 *

148.4 **

146.7

143.4 last

142.3

141.2 **

138.3 *

136.7 **

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