Monero / Dollar may rise to 174.1 - 175.7

Our pivot point stands at 166.7.

Our preference

As long as 166.7 is support look for 175.7.

Alternative scenario

The downside breakout of 166.7 would call for 164 and 162.4.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 169.2 and 165.6).

Supports and resistances

179.0 **

177.4 *

175.7 **

174.1

170.9 last

167.7

166.7 **

164.0 *

162.4 **

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