Monero / Dollar may rise to 162.2 - 163.9

Our pivot point stands at 156.2.

Our preference

Rebound.

Alternative scenario

Below 156.2, expect 153.3 and 151.5.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (158) but under its 50 period moving average (159.5).

Supports and resistances

167.5 **

165.7 *

163.9 **

162.2

158.5 last

157.4

156.2 **

153.3 *

151.5 **

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