Monero / Dollar may rise to 166.1 - 167.7

Our pivot point stands at 160.7.

Our preference

Rebound.

Alternative scenario

Below 160.7, expect 158.1 and 156.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (160.7) but below its 50 period moving average (163.5).

Supports and resistances

170.8 **

169.2 *

167.7 **

166.1

162.8 last

161.7

160.7 **

158.1 *

156.5 **

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