Monero / Dollar may rise to 159.4 - 161.1

Our pivot point is at 153.5.

Our preference

As long as 153.5 is support look for 161.1.

Alternative scenario

Below 153.5, expect 150.6 and 148.8.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (156) but above its 50 period moving average (155.3).

Supports and resistances

164.6 **

162.9 *

161.1 **

159.4

155.9 last

154.7

153.5 **

150.6 *

148.8 **

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