Monero / Dollar may rise to 163.1 - 164.9

Our pivot point stands at 157.2.

Our preference

Rebound towards 164.9.

Alternative scenario

Below 157.2, expect 154.2 and 152.5.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 159.9 and 160.6).

Supports and resistances

168.4 **

166.7 *

164.9 **

163.1

159.6 last

158.4

157.2 **

154.2 *

152.5 **

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