Monero / Dollar may rise to 174.3 - 176.3

Our pivot point stands at 166.6.

Our preference

Our next up target stands at 176.3.

Alternative scenario

Below 166.6, expect 163.3 and 161.4.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 169.7 and 170.1).

Supports and resistances

180.2 **

178.2 *

176.3 **

174.3

170.1 last

167.9

166.6 **

163.3 *

161.4 **

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