Monero / Dollar may rise to 169.9 - 171.9

Our pivot point stands at 163.4.

Our preference

The upside prevails as long as 163.4 is support.

Alternative scenario

Below 163.4, expect 160.0 and 158.0.

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 164.8 and 163.5).

Supports and resistances

175.9 **

173.9 *

171.9 **

169.9

166.0 last

164.7

163.4 **

160.0 *

158.0 **

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