Monero / Dollar may rise to 169.5 - 170.7
Moenro/USDT:
Our pivot point stands at 165.0.
Our preference
The upside prevails as long as 165 is support.
Alternative scenario
The downside breakout of 165 would call for 163 and 161.8.
Comment
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 165.4 and 166).
Supports and resistances
173.1 **
171.9 *
170.7 **
169.5
166.8 last
165.7
165.0 **
163.0 *
161.8 **
$XMR
