Monero / Dollar may rise to 156.0 - 157.5

Our pivot point is at 150.7.

Our preference

As long as 150.7 is support look for 157.5.

Alternative scenario

The downside breakout of 150.7 would call for 148.1 and 146.6.

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 below its 20 period moving average (153.3) but above its 50 period moving average (150.9).

Supports and resistances

160.6 **

159.1 *

157.5 **

156.0

153.0 last

151.7

150.7 **

148.1 *

146.6 **

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