Monero / Dollar may rise to 157.9 - 159.4

Our pivot point is at 152.4.

Our preference

The upside prevails as long as 152.4 is support.

Alternative scenario

Below 152.4, expect 149.8 and 148.3.

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 above its 20 and 50 period moving average (respectively at 153.5 and 151.7).

Supports and resistances

162.5 **

161.0 *

159.4 **

157.9

154.4 last

153.4

152.4 **

149.8 *

148.3 **

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