Monero / Dollar may rise to 166.3 - 168.1

159.9 is our pivot point.

Our preference

As long as 159.9 is support look for 168.1.

Alternative scenario

The downside breakout of 159.9 would call for 156.8 and 155.

Comment

The RSI is above 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 161.9 and 160.7).

Supports and resistances

171.7 **

169.9 *

168.1 **

166.3

162.7 last

161.1

159.9 **

156.8 *

155.0 **

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