Monero / Dollar may rise to 160.6 - 162.2

Our pivot point is at 155.2.

Our preference

As long as 155.2 is support look for 162.2.

Alternative scenario

The downside breakout of 155.2 would call for 152.6 and 151.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 156.5 and 155.3).

Supports and resistances

165.4 **

163.8 *

162.2 **

160.6

157.5 last

156.2

155.2 **

152.6 *

151.0 **

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