Monero / Dollar may rise to 164.4 - 165.9

Our pivot point stands at 159.3.

Our preference

As long as 159.3 is support look for 165.9.

Alternative scenario

The downside breakout of 159.3 would call for 156.7 and 155.2.

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 above its 20 and 50 period moving average (respectively at 160.8 and 159.7).

Supports and resistances

168.9 **

167.4 *

165.9 **

164.4

161.3 last

160.3

159.3 **

156.7 *

155.2 **

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