Monero may rise to 177.4 - 178.6

Our preference

Our next up target stands at 178.6.

Alternative scenario

Below 172.4, expect 170.3 and 169.0.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 174.5 and 174.5).

Supports and resistances

181.2 **

179.9 *

178.6 **

177.4

174.8 last

173.2

172.4 **

170.3 *

169.0 **

#monero #XMR