Monero / Dollar may rise to 153.5 - 155.3

Our pivot point is at 147.5.

Our preference

The upside prevails as long as 147.5 is support.

Alternative scenario

Below 147.5, expect 144.6 and 142.8.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 148.8 and 147.2).

Supports and resistances

158.8 **

157.0 *

155.3 **

153.5

150.0 last

148.7

147.5 **

144.6 *

142.8 **

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