Monero / Dollar may rise to 162.0 - 163.5

Our pivot point stands at 156.7.

Our preference

Rebound.

Alternative scenario

Below 156.7, expect 154.2 and 152.7.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (158.8) but below its 50 period moving average (159.3).

Supports and resistances

166.6 **

165.1 *

163.5 **

162.0

159.0 last

157.7

156.7 **

154.2 *

152.7 **

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