Monero / Dollar may rise to 172.6 - 174.5

Our pivot point stands at 166.0.

Our preference

Rebound towards 174.5.

Alternative scenario

The downside breakout of 166 would call for 162.8 and 160.9.

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 169.4 and 169.9).

Supports and resistances

178.4 **

176.5 *

174.5 **

172.6

168.6 last

167.3

166.0 **

162.8 *

160.9 **

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