Monero / Dollar may rise to 157.3 - 158.9

Our pivot point stands at 152.0.

Our preference

Rebound towards 158.9.

Alternative scenario

Below 152.0, expect 149.2 and 147.6.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (153.6) but under its 50 period moving average (155.2).

Supports and resistances

162.2 **

160.6 *

158.9 **

157.3

154.1 last

153.0

152.0 **

149.2 *

147.6 **

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