Monero / Dollar may rise to 160.2 - 161.8

154.1 is our pivot point.

Our preference

Our next up target stands at 161.8.

Alternative scenario

The downside breakout of 154.1 would call for 151.4 and 149.8.

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 trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 156 and 156.5).

Supports and resistances

165.1 **

163.4 *

161.8 **

160.2

156.6 last

155.2

154.1 **

151.4 *

149.8 **

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