Monero / Dollar may rise to 163.9 - 165.6

Our pivot point stands at 158.0.

Our preference

The upside prevails as long as 158 is support.

Alternative scenario

Below 158.0, expect 155.2 and 153.5.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 159.1 and 157.8). Finally, the Monero / Dollar has crossed above its upper Bollinger band (160.5).

Supports and resistances

169.0 **

167.3 *

165.6 **

163.9

160.6 last

159.1

158.0 **

155.2 *

153.5 **

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