Monero / Dollar may rise to 159.8 - 161.4

Our pivot point is at 154.0.

Our preference

Rebound towards 161.4.

Alternative scenario

Below 154.0, expect 151.2 and 149.6.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (156.1) but under its 50 period moving average (157).

Supports and resistances

164.7 **

163.1 *

161.4 **

159.8

156.2 last

155.1

154.0 **

151.2 *

149.6 **

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