Monero / Dollar may rise to 159.0 - 160.6

Our pivot point is at 153.8.

Our preference

As long as 153.8 is support look for 160.6.

Alternative scenario

The downside breakout of 153.8 would call for 151.2 and 149.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (155.9) but above its 50 period moving average (154.8).

Supports and resistances

163.7 **

162.1 *

160.6 **

159.0

155.8 last

154.8

153.8 **

151.2 *

149.6 **

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