Monero / Dollar may rise to 161.8 - 163.6

155.7 is our pivot point.

Our preference

Rebound towards 163.6.

Alternative scenario

Below 155.7, expect 152.7 and 151.0.

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 (157.8) but below its 50 period moving average (159.5).

Supports and resistances

167.1 **

165.4 *

163.6 **

161.8

158.2 last

156.8

155.7 **

152.7 *

151.0 **

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