Monero / Dollar may rise to 161.8 - 163.5

Our pivot point is at 154.9.

Our preference

As long as 154.9 is support look for 163.5.

Alternative scenario

The downside breakout of 154.9 would call for 152 and 150.2.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 155.8 and 150.7).

Supports and resistances

167.0 **

165.3 *

163.5 **

161.8

157.3 last

156.0

154.9 **

152.0 *

150.2 **

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