Monero / Dollar may rise to 170.5 - 172.5

163.6 is our pivot point.

Our preference

As long as 163.6 is support look for 172.5.

Alternative scenario

Below 163.6, expect 160.3 and 158.3.

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 trading under its 20 period moving average (166.3) but above its 50 period moving average (165.7).

Supports and resistances

176.5 **

174.5 *

172.5 **

170.5

166.2 last

164.9

163.6 **

160.3 *

158.3 **

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