Monero / Dollar may rise to 156.5 - 158.0

Our pivot point stands at 151.0.

Our preference

The upside prevails as long as 151 is support.

Alternative scenario

The downside breakout of 151 would call for 148.5 and 146.9.

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 above its 20 and 50 period moving average (respectively at 151.1 and 149.2).

Supports and resistances

161.1 **

159.6 *

158.0 **

156.5

153.0 last

152.0

151.0 **

148.5 *

146.9 **

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