Monero / Dollar may rise to 182.0 - 192.5

Our pivot point stands at 140.6.

Our preference

Our next up target stands at 192.5.

Alternative scenario

The downside breakout of 140.6 would call for 123.6 and 113.5.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 151.5 and 156.5). Finally, the Monero / Dollar has crossed above its upper Bollinger band (159.6).

Supports and resistances

213.7 **

203.1 *

192.5 **

182.0

160.1 last

147.2

140.6 **

123.6 *

113.5 **

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