Monero / Dollar may rise to 166.1 - 167.9

Our pivot point stands at 160.0.

Our preference

Rebound towards 167.9.

Alternative scenario

Below 160.0, expect 157.0 and 155.2.

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 above its 20 period moving average (162.3) but below its 50 period moving average (163).

Supports and resistances

171.5 **

169.7 *

167.9 **

166.1

162.5 last

161.2

160.0 **

157.0 *

155.2 **

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