Monero / Dollar may rise to 180.0 - 192.1

Our pivot point is at 139.1.

Our preference

The upside prevails as long as 139.1 is support.

Alternative scenario

Below 139.1, expect 119.0 and 107.0.

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 above its 20 and 50 period moving average (respectively at 142 and 132.1).

Supports and resistances

216.2 **

204.1 *

192.1 **

180.0

155.1 last

147.0

139.1 **

119.0 *

107.0 **

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