Monero / Dollar may rise to 181.8 - 183.8

Our pivot point is at 173.3.

Our preference

Look for a drop towards 173.3 before a bounce.

Alternative scenario

Below 173.3, expect 169.8 and 167.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 177 and 175.2).

Supports and resistances

188.0 **

185.9 *

183.8 **

181.8

177.3 last

174.6

173.3 **

169.8 *

167.7 **

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