Monero / Dollar may rise to 158.2 - 159.9

Our pivot point stands at 152.8.

Our preference

Rebound.

Alternative scenario

Below 152.8, expect 150.1 and 148.4.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (153.7) but below its 50 period moving average (155.3).

Supports and resistances

163.1 **

161.5 *

159.9 **

158.2

155.0 last

153.9

152.8 **

150.1 *

148.4 **

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