Monero / Dollar may rise to 157.6 - 159.2

Our pivot point is at 152.1.

Our preference

Rise to 159.2.

Alternative scenario

The downside breakout of 152.1 would call for 149.4 and 147.7.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is below its 20 period moving average (154.4) but above its 50 period moving average (154.3).

Supports and resistances

162.4 **

160.8 *

159.2 **

157.6

154.3 last

153.1

152.1 **

149.4 *

147.7 **

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