Monero / Dollar may rise to 175.7 - 177.7

Our pivot point stands at 169.2.

Our preference

The upside prevails as long as 169.2 is support.

Alternative scenario

The downside breakout of 169.2 would call for 165.9 and 164.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 169.2 and 169.5). Finally, the Monero / Dollar is trading above its upper Bollinger band (standing at 171.6).

Supports and resistances

181.6 **

179.7 *

177.7 **

175.7

171.8 last

170.5

169.2 **

165.9 *

164.0 **

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