Monero / Dollar may rise to 179.6 - 181.7

Our pivot point is at 172.6.

Our preference

The upside prevails as long as 172.6 is support.

Alternative scenario

Below 172.6, expect 169.1 and 167.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 174.7 and 173.2).

Supports and resistances

185.8 **

183.7 *

181.7 **

179.6

175.3 last

173.9

172.6 **

169.1 *

167.1 **

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