Monero / Dollar may rise to 177.1 - 179.2

Our pivot point is at 169.8.

Our preference

Rebound.

Alternative scenario

Below 169.8, expect 166.4 and 164.3.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (170.7) but under its 50 period moving average (173.7).

Supports and resistances

183.2 **

181.2 *

179.2 **

177.1

173.0 last

171.1

169.8 **

166.4 *

164.3 **

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