Monero / Dollar may rise to 181.6 - 183.7

Our pivot point is at 173.9.

Our preference

As long as 173.9 is support look for 183.7.

Alternative scenario

The downside breakout of 173.9 would call for 170.4 and 168.4.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (177.4) but above its 50 period moving average (175.2).

Supports and resistances

187.9 **

185.8 *

183.7 **

181.6

177.0 last

175.3

173.9 **

170.4 *

168.4 **

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