Monero / Dollar may rise to 162.4 - 164.2

155.5 is our pivot point.

Our preference

As long as 155.5 is support look for 164.2.

Alternative scenario

Below 155.5, expect 152.6 and 150.8.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 156.7 and 152.6).

Supports and resistances

167.7 **

166.0 *

164.2 **

162.4

158.9 last

156.7

155.5 **

152.6 *

150.8 **

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