Monero / Dollar may rise to 172.3 - 174.3

Our pivot point is at 164.8.

Our preference

As long as 164.8 is support look for 174.3.

Alternative scenario

The downside breakout of 164.8 would call for 161.4 and 159.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 167.1 and 166.7).

Supports and resistances

178.4 **

176.3 *

174.3 **

172.3

167.6 last

166.1

164.8 **

161.4 *

159.4 **

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