Monero / Dollar may rise to 160.3 - 161.8

Our pivot point stands at 154.6.

Our preference

Rebound towards 161.8.

Alternative scenario

The downside breakout of 154.6 would call for 152.1 and 150.6.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 157.9 and 160.3).

Supports and resistances

164.8 **

163.3 *

161.8 **

160.3

157.3 last

155.6

154.6 **

152.1 *

150.6 **

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