Monero / Dollar may rise to 166.5 - 168.3

Our pivot point stands at 160.1.

Our preference

As long as 160.1 is support look for 168.3.

Alternative scenario

Below 160.1, expect 157.1 and 155.3.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 161.9 and 160.1).

Supports and resistances

172.0 **

170.1 *

168.3 **

166.5

162.8 last

161.3

160.1 **

157.1 *

155.3 **

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