Monero / Dollar may rise to 168.8 - 170.6

Our pivot point stands at 162.2.

Our preference

As long as 162.2 is support look for 170.6.

Alternative scenario

Below 162.2, expect 159.1 and 157.3.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (164.9) but above its 50 period moving average (164.3).

Supports and resistances

174.3 **

172.4 *

170.6 **

168.8

164.9 last

163.4

162.2 **

159.1 *

157.3 **

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