Monero / Dollar may rise to 163.8 - 165.6

Our pivot point stands at 157.5.

Our preference

Rebound towards 165.6.

Alternative scenario

Below 157.5, expect 154.5 and 152.7.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 160.4 and 162.5).

Supports and resistances

169.2 **

167.4 *

165.6 **

163.8

160.3 last

158.7

157.5 **

154.5 *

152.7 **

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