Monero / Dollar may rise to 165.9 - 167.7

Our pivot point is at 159.6.

Our preference

Rebound towards 167.7.

Alternative scenario

The downside breakout of 159.6 would call for 156.6 and 154.8.

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 162.3 and 163.3).

Supports and resistances

171.3 **

169.5 *

167.7 **

165.9

162.1 last

160.8

159.6 **

156.6 *

154.8 **

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