Monero may rise to 171.4 - 173.0

Our pivot point is at 165.5.

Our preference

As long as 165.5 is support look for 173.

Alternative scenario

The downside breakout of 165.5 would call for 162.8 and 161.1.

Comment

The RSI is above 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 167.6 and 165.7).

Supports and resistances

176.4 **

174.7 *

173.0 **

171.4

168.0 last

166.6

165.5 **

162.8 *

161.1 **

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