Monero / Dollar may rise to 174.7 - 176.3

Our pivot point is at 167.6.

Our preference

The upside prevails as long as 167.6 is support.

Alternative scenario

Below 167.6, expect 164.9 and 163.3.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 167.9 and 168.3).

Supports and resistances

179.5 **

177.9 *

176.3 **

174.7

171.4 last

168.7

167.6 **

164.9 *

163.3 **

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