Monero / Dollar may rise to 164.4 - 165.9

158.2 is our pivot point.

Our preference

As long as 158.2 is support look for 165.9.

Alternative scenario

The downside breakout of 158.2 would call for 155.7 and 154.1.

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 trading above both its 20 and 50 period moving average (respectively at 160.9 and 159.7).

Supports and resistances

169.0 **

167.4 *

165.9 **

164.4

161.3 last

159.2

158.2 **

155.7 *

154.1 **

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