Monero / Dollar may rise to 190.6 - 201.7

Our pivot point stands at 147.5.

Our preference

The upside prevails as long as 147.5 is support.

Alternative scenario

The downside breakout of 147.5 would call for 129.6 and 118.8.

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 157.2 and 157.7).

Supports and resistances

224.0 **

212.9 *

201.7 **

190.6

162.2 last

154.6

147.5 **

129.6 *

118.8 **

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