Monero / Dollar may rise to 155.0 - 156.5

Our pivot point is at 149.4.

Our preference

Look for a drop towards 149.4 before a bounce.

Alternative scenario

The downside breakout of 149.4 would call for 146.9 and 145.3.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is above its 20 and 50 period moving average (respectively at 151.8 and 151.9).

Supports and resistances

159.5 **

158.0 *

156.5 **

155.0

151.9 last

150.4

149.4 **

146.9 *

145.3 **

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