Monero / Dollar may rise to 169.6 - 171.6

161.9 is our pivot point.

Our preference

As long as 161.9 is support look for 171.6.

Alternative scenario

The downside breakout of 161.9 would call for 158.6 and 156.6.

Comment

The RSI is above 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 164.4 and 163.3).

Supports and resistances

175.5 **

173.6 *

171.6 **

169.6

165.1 last

163.2

161.9 **

158.6 *

156.6 **

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