Monero / Dollar may rise to 153.1 - 154.6

Our pivot point stands at 147.7.

Our preference

Rebound.

Alternative scenario

The downside breakout of 147.7 would call for 145.2 and 143.7.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (148.7) but below its 50 period moving average (151).

Supports and resistances

157.6 **

156.1 *

154.6 **

153.1

149.8 last

148.7

147.7 **

145.2 *

143.7 **

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