Monero / Dollar may rise to 154.8 - 156.3

149.7 is our pivot point.

Our preference

The upside prevails as long as 149.7 is support.

Alternative scenario

The downside breakout of 149.7 would call for 147.2 and 145.7.

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 above its 20 and 50 period moving average (respectively at 150.3 and 151).

Supports and resistances

159.4 **

157.9 *

156.3 **

154.8

151.8 last

150.7

149.7 **

147.2 *

145.7 **

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