Monero / Dollar may rise to 165.0 - 166.7

Our pivot point stands at 158.9.

Our preference

The upside prevails as long as 158.9 is support.

Alternative scenario

Below 158.9, expect 155.9 and 154.1.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 160.5 and 161).

Supports and resistances

170.3 **

168.5 *

166.7 **

165.0

161.4 last

160.1

158.9 **

155.9 *

154.1 **

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