Monero / Dollar may rise to 162.7 - 164.2

Our pivot point stands at 157.5.

Our preference

The upside prevails as long as 157.5 is support.

Alternative scenario

Below 157.5, expect 155.0 and 153.5.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.9 and 158.5).

Supports and resistances

167.2 **

165.7 *

164.2 **

162.7

159.6 last

158.6

157.5 **

155.0 *

153.5 **

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