Monero / Dollar may rise to 165.1 - 166.8

Our pivot point stands at 159.0.

Our preference

The upside prevails as long as 159 is support.

Alternative scenario

Below 159.0, expect 156.1 and 154.5.

Comment

The RSI is above 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 160.1 and 159.7). Finally, the Monero / Dollar is trading above its upper Bollinger band (standing at 161.4).

Supports and resistances

170.2 **

168.5 *

166.8 **

165.1

161.5 last

160.1

159.0 **

156.1 *

154.5 **

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