Monero / Dollar may rise to 160.1 - 161.8

Our pivot point is at 154.5.

Our preference

Rebound.

Alternative scenario

Below 154.5, expect 151.8 and 150.1.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (155.8) but under its 50 period moving average (157.6).

Supports and resistances

165.1 **

163.4 *

161.8 **

160.1

156.7 last

155.6

154.5 **

151.8 *

150.1 **

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