Monero / Dollar may rise to 160.9 - 162.6

Our pivot point stands at 154.4.

Our preference

The upside prevails as long as 154.4 is support.

Alternative scenario

The downside breakout of 154.4 would call for 151.5 and 149.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 156.1 and 155.4).

Supports and resistances

166.1 **

164.4 *

162.6 **

160.9

157.4 last

155.6

154.4 **

151.5 *

149.7 **

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