Monero / Dollar may rise to 154.9 - 156.4

Our pivot point is at 149.9.

Our preference

As long as 149.9 is support look for 156.4.

Alternative scenario

The downside breakout of 149.9 would call for 147.4 and 145.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 151.7 and 150.5).

Supports and resistances

159.5 **

158.0 *

156.4 **

154.9

151.9 last

150.9

149.9 **

147.4 *

145.8 **

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