Monero / Dollar may rise to 193.9 - 206.8

Our pivot point stands at 150.8.

Our preference

As long as 150.8 is support look for 206.8.

Alternative scenario

Below 150.8, expect 129.2 and 116.3.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 167.9 and 156.6).

Supports and resistances

232.6 **

219.7 *

206.8 **

193.9

168.2 last

159.2

150.8 **

129.2 *

116.3 **

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