Monero / Dollar may rise to 161.1 - 162.9

Our pivot point stands at 154.7.

Our preference

As long as 154.7 is support look for 162.9.

Alternative scenario

The downside breakout of 154.7 would call for 151.6 and 149.8.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 156.1 and 153.7).

Supports and resistances

166.6 **

164.7 *

162.9 **

161.1

157.4 last

155.9

154.7 **

151.6 *

149.8 **

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