Monero / Dollar may rise to 169.3 - 171.2

Our pivot point is at 162.9.

Our preference

Rebound towards 171.2.

Alternative scenario

The downside breakout of 162.9 would call for 159.8 and 158.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 166.2 and 167.8).

Supports and resistances

174.8 **

173.0 *

171.2 **

169.3

165.7 last

164.1

162.9 **

159.8 *

158.0 **

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