Monero / Dollar may rise to 159.7 - 161.4

153.8 is our pivot point.

Our preference

Rebound towards 161.4.

Alternative scenario

The downside breakout of 153.8 would call for 151.1 and 149.4.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (155.4) but below its 50 period moving average (158.1).

Supports and resistances

164.7 **

163.0 *

161.4 **

159.7

156.2 last

154.9

153.8 **

151.1 *

149.4 **

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