Monero / Dollar may rise to 161.5 - 163.2

Our pivot point is at 155.9.

Our preference

As long as 155.9 is support look for 163.2.

Alternative scenario

The downside breakout of 155.9 would call for 153.1 and 151.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 157.6 and 156.7).

Supports and resistances

166.5 **

164.8 *

163.2 **

161.5

158.2 last

157.0

155.9 **

153.1 *

151.4 **

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