Monero / Dollar may rise to 169.9 - 171.5

163.9 is our pivot point.

Our preference

The upside prevails as long as 163.9 is support.

Alternative scenario

The downside breakout of 163.9 would call for 161.2 and 159.6.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 165.7 and 165.5).

Supports and resistances

174.7 **

173.1 *

171.5 **

169.9

166.3 last

164.9

163.9 **

161.2 *

159.6 **

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