Monero / Dollar may rise to 177.8 - 179.8

Our pivot point is at 168.9.

Our preference

As long as 168.9 is support look for 179.8.

Alternative scenario

Below 168.9, expect 165.6 and 163.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 172.1 and 170.9).

Supports and resistances

183.9 **

181.9 *

179.8 **

177.8

173.7 last

170.3

168.9 **

165.6 *

163.6 **

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