Monero / Dollar may rise to 154.8 - 156.4

148.9 is our pivot point.

Our preference

Rebound towards 156.4.

Alternative scenario

The downside breakout of 148.9 would call for 146.4 and 144.9.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 151.1 and 151.5).

Supports and resistances

159.4 **

157.9 *

156.4 **

154.8

150.9 last

149.9

148.9 **

146.4 *

144.9 **

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