Monero / Dollar may rise to 149.6 - 151.3

Our pivot point is at 143.5.

Our preference

As long as 143.5 is support look for 151.3.

Alternative scenario

The downside breakout of 143.5 would call for 140.6 and 138.9.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (146.1) but above its 50 period moving average (144.7).

Supports and resistances

154.7 **

153.0 *

151.3 **

149.6

145.7 last

144.6

143.5 **

140.6 *

138.9 **

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