Monero / Dollar may rise to 155.7 - 157.2

Our pivot point stands at 150.6.

Our preference

The upside prevails as long as 150.6 is support.

Alternative scenario

The downside breakout of 150.6 would call for 148 and 146.5.

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 trading above both its 20 and 50 period moving average (respectively at 151.8 and 151.8).

Supports and resistances

160.3 **

158.7 *

157.2 **

155.7

152.7 last

151.6

150.6 **

148.0 *

146.5 **

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