Monero / Dollar may rise to 162.5 - 164.0

Our pivot point is at 156.9.

Our preference

As long as 156.9 is support look for 164.

Alternative scenario

Below 156.9, expect 154.4 and 152.9.

Comment

The RSI is above 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 159.4 and 157.4).

Supports and resistances

167.0 **

165.5 *

164.0 **

162.5

159.4 last

157.9

156.9 **

154.4 *

152.9 **

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