Monero / Dollar may rise to 161.2 - 162.9

Our pivot point stands at 155.0.

Our preference

As long as 155 is support look for 162.9.

Alternative scenario

The downside breakout of 155 would call for 152.1 and 150.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (157.7) but above its 50 period moving average (154.1).

Supports and resistances

166.4 **

164.7 *

162.9 **

161.2

157.6 last

156.2

155.0 **

152.1 *

150.3 **

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