Monero / Dollar may rise to 159.7 - 161.4

Our pivot point stands at 154.1.

Our preference

Rebound.

Alternative scenario

Below 154.1, expect 151.3 and 149.7.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (156) but under its 50 period moving average (156.7).

Supports and resistances

164.6 **

163.0 *

161.4 **

159.7

156.5 last

155.1

154.1 **

151.3 *

149.7 **

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