Monero / Dollar may rise to 174.1 - 176.0

Our pivot point stands at 166.9.

Our preference

Rebound towards 176.0.

Alternative scenario

The downside breakout of 166.9 would call for 163.6 and 161.7.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 170.3 and 170.9).

Supports and resistances

179.9 **

178.0 *

176.0 **

174.1

170.0 last

168.1

166.9 **

163.6 *

161.7 **

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