Monero / Dollar may rise to 180.8 - 192.2

Our pivot point is at 140.4.

Our preference

Rebound.

Alternative scenario

The downside breakout of 140.4 would call for 121.5 and 110.3.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (153) but below its 50 period moving average (161.5).

Supports and resistances

215.1 **

203.7 *

192.2 **

180.8

156.6 last

147.8

140.4 **

121.5 *

110.3 **

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