Monero / Dollar may rise to 162.4 - 164.2

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 151.9 and 150.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 154.4 and 154.8).

Supports and resistances

167.7 **

165.9 *

164.2 **

162.4

157.2 last

156.1

154.9 **

151.9 *

150.2 **

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