Monero / Dollar may rise to 158.2 - 159.9

Our pivot point is at 152.1.

Our preference

As long as 152.1 is support look for 159.9.

Alternative scenario

The downside breakout of 152.1 would call for 149.2 and 147.5.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 154.1 and 153.4).

Supports and resistances

163.4 **

161.6 *

159.9 **

158.2

154.7 last

153.2

152.1 **

149.2 *

147.5 **

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