Monero / Dollar may rise to 159.5 - 161.0

Our pivot point stands at 153.4.

Our preference

As long as 153.4 is support look for 161.

Alternative scenario

Below 153.4, expect 150.8 and 149.3.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 155.7 and 154.5).

Supports and resistances

164.1 **

162.6 *

161.0 **

159.5

155.9 last

154.4

153.4 **

150.8 *

149.3 **

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