Monero / Dollar may rise to 175.4 - 177.3

Our pivot point is at 166.5.

Our preference

Our next up target stands at 177.3.

Alternative scenario

Below 166.5, expect 163.4 and 161.5.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 168.7 and 169.7).

Supports and resistances

181.1 **

179.2 *

177.3 **

175.4

171.1 last

167.8

166.5 **

163.4 *

161.5 **

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