Monero / Dollar may rise to 169.1 - 171.0

Our pivot point stands at 162.1.

Our preference

The upside prevails as long as 162.1 is support.

Alternative scenario

Below 162.1, expect 159.0 and 157.2.

Comment

The RSI is above its neutrality area at 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 164.3 and 163.9).

Supports and resistances

174.7 **

172.8 *

171.0 **

169.1

165.4 last

163.3

162.1 **

159.0 *

157.2 **

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