Monero / Dollar may rise to 149.3 - 151.0

142.6 is our pivot point.

Our preference

The upside prevails as long as 142.6 is support.

Alternative scenario

The downside breakout of 142.6 would call for 139.8 and 138.1.

Comment

The RSI is above 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 144.3 and 142.1).

Supports and resistances

154.4 **

152.7 *

151.0 **

149.3

145.8 last

143.7

142.6 **

139.8 *

138.1 **

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