Monero / Dollar may rise to 183.5 - 185.5

176.5 is our pivot point.

Our preference

As long as 176.5 is support look for 185.5.

Alternative scenario

The downside breakout of 176.5 would call for 173.2 and 171.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 179.1 and 177.6).

Supports and resistances

189.5 **

187.5 *

185.5 **

183.5

179.5 last

177.8

176.5 **

173.2 *

171.2 **

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