Monero / Dollar may rise to 163.6 - 165.3

156.9 is our pivot point.

Our preference

The upside prevails as long as 156.9 is support.

Alternative scenario

The downside breakout of 156.9 would call for 153.9 and 152.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 158.3 and 159.4).

Supports and resistances

168.9 **

167.1 *

165.3 **

163.6

159.8 last

158.0

156.9 **

153.9 *

152.1 **

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