Monero / Dollar may rise to 182.4 - 184.4

Our pivot point is at 174.1.

Our preference

The upside prevails as long as 174.1 is support.

Alternative scenario

Below 174.1, expect 170.8 and 168.8.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 174.8 and 171.8).

Supports and resistances

188.4 **

186.4 *

184.4 **

182.4

177.2 last

175.4

174.1 **

170.8 *

168.8 **

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