Monero / Dollar may rise to 158.3 - 159.9

Our pivot point stands at 152.7.

Our preference

As long as 152.7 is support look for 159.9.

Alternative scenario

The downside breakout of 152.7 would call for 150.1 and 148.5.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (155.1) but above its 50 period moving average (152.7).

Supports and resistances

163.0 **

161.4 *

159.9 **

158.3

154.7 last

153.7

152.7 **

150.1 *

148.5 **

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