Monero / Dollar may rise to 168.9 - 170.9

Our pivot point is at 161.8.

Our preference

The upside prevails as long as 161.8 is support.

Alternative scenario

Below 161.8, expect 158.5 and 156.6.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 163.2 and 162.9).

Supports and resistances

174.8 **

172.8 *

170.9 **

168.9

164.4 last

163.1

161.8 **

158.5 *

156.6 **

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