Monero / Dollar may rise to 165.4 - 167.1

Our pivot point stands at 158.9.

Our preference

As long as 158.9 is support look for 167.1.

Alternative scenario

Below 158.9, expect 156.0 and 154.4.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 161.4 and 160.7).

Supports and resistances

170.5 **

168.8 *

167.1 **

165.4

161.8 last

160.0

158.9 **

156.0 *

154.4 **

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