Monero / Dollar may rise to 171.2 - 173.2

164.0 is our pivot point.

Our preference

As long as 164 is support look for 173.2.

Alternative scenario

Below 164.0, expect 160.6 and 158.6.

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 below its 20 period moving average (167.1) but above its 50 period moving average (166.9).

Supports and resistances

177.2 **

175.2 *

173.2 **

171.2

167.1 last

165.3

164.0 **

160.6 *

158.6 **

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