Monero / Dollar may rise to 156.4 - 157.9

Our pivot point stands at 150.8.

Our preference

The upside prevails as long as 150.8 is support.

Alternative scenario

Below 150.8, expect 148.2 and 146.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 152.5 and 152.1).

Supports and resistances

161.0 **

159.4 *

157.9 **

156.4

152.8 last

151.8

150.8 **

148.2 *

146.7 **

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