Monero / Dollar may rise to 160.4 - 162.0

Our pivot point is at 154.9.

Our preference

The upside prevails as long as 154.9 is support.

Alternative scenario

The downside breakout of 154.9 would call for 152.2 and 150.5.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 157.1 and 156.7).

Supports and resistances

165.3 **

163.7 *

162.0 **

160.4

157.1 last

156.0

154.9 **

152.2 *

150.5 **

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