Monero / Dollar may rise to 172.1 - 173.7

166.4 is our pivot point.

Our preference

As long as 166.4 is support look for 173.7.

Alternative scenario

The downside breakout of 166.4 would call for 163.7 and 162.1.

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 above its 20 and 50 period moving average (respectively at 167.4 and 164.1).

Supports and resistances

176.9 **

175.3 *

173.7 **

172.1

168.7 last

167.5

166.4 **

163.7 *

162.1 **

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