Monero / Dollar may rise to 162.1 - 163.9

Our pivot point stands at 155.7.

Our preference

As long as 155.7 is support look for 163.9.

Alternative scenario

Below 155.7, expect 152.7 and 151.0.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 158.2 and 157.9).

Supports and resistances

167.4 **

165.7 *

163.9 **

162.1

158.5 last

156.9

155.7 **

152.7 *

151.0 **

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