Monero / Dollar may rise to 164.1 - 165.8

Our pivot point is at 157.7.

Our preference

The upside prevails as long as 157.7 is support.

Alternative scenario

Below 157.7, expect 154.7 and 152.9.

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 158.8 and 157.4).

Supports and resistances

169.4 **

167.6 *

165.8 **

164.1

160.4 last

158.9

157.7 **

154.7 *

152.9 **

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