Monero / Dollar may rise to 177.0 - 179.0

Our pivot point is at 169.9.

Our preference

Rebound towards 179.0.

Alternative scenario

Below 169.9, expect 166.6 and 164.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (172.8) but below its 50 period moving average (174).

Supports and resistances

183.0 **

181.0 *

179.0 **

177.0

173.0 last

171.2

169.9 **

166.6 *

164.6 **

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