Monero / Dollar may rise to 166.9 - 168.7

Our pivot point is at 161.0.

Our preference

The upside prevails as long as 161 is support.

Alternative scenario

The downside breakout of 161 would call for 158.1 and 156.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 161.8 and 160.8).

Supports and resistances

172.1 **

170.4 *

168.7 **

166.9

163.3 last

162.1

161.0 **

158.1 *

156.4 **

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