Monero / Dollar may rise to 156.6 - 158.2

Our pivot point is at 151.0.

Our preference

Rebound towards 158.2.

Alternative scenario

The downside breakout of 151 would call for 148.3 and 146.7.

Comment

The RSI is below its neutrality area at 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 153.8 and 155.5).

Supports and resistances

161.4 **

159.8 *

158.2 **

156.6

153.3 last

152.0

151.0 **

148.3 *

146.7 **

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