Monero / Dollar may rise to 180.8 - 182.9

173.2 is our pivot point.

Our preference

The upside prevails as long as 173.2 is support.

Alternative scenario

The downside breakout of 173.2 would call for 169.7 and 167.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 172.7 and 173.3).

Supports and resistances

187.1 **

185.0 *

182.9 **

180.8

176.2 last

174.6

173.2 **

169.7 *

167.7 **

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