Monero / Dollar may rise to 171.3 - 173.2

Our pivot point is at 164.7.

Our preference

As long as 164.7 is support look for 173.2.

Alternative scenario

Below 164.7, expect 161.5 and 159.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 167.5 and 165).

Supports and resistances

177.0 **

175.1 *

173.2 **

171.3

167.5 last

166.0

164.7 **

161.5 *

159.6 **

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