Monero / Dollar may rise to 160.9 - 162.4

Our pivot point is at 155.1.

Our preference

Rebound.

Alternative scenario

Below 155.1, expect 152.6 and 151.1.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (157.2) but below its 50 period moving average (157.9).

Supports and resistances

165.4 **

163.9 *

162.4 **

160.9

157.8 last

156.1

155.1 **

152.6 *

151.1 **

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