Monero / Dollar may rise to 160.2 - 161.9

Our pivot point stands at 154.3.

Our preference

As long as 154.3 is support look for 161.9.

Alternative scenario

Below 154.3, expect 151.5 and 149.9.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 156.5 and 156.4).

Supports and resistances

165.2 **

163.5 *

161.9 **

160.2

156.8 last

155.4

154.3 **

151.5 *

149.9 **

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