Monero / Dollar may rise to 169.2 - 170.8

Our pivot point is at 162.9.

Our preference

Rebound.

Alternative scenario

Below 162.9, expect 160.2 and 158.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (164.7) but below its 50 period moving average (167.4).

Supports and resistances

174.0 **

172.4 *

170.8 **

169.2

165.6 last

163.9

162.9 **

160.2 *

158.7 **

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