FxWirePro: XMRUSD upside capped by 100- day MA, good to buy on dips

Bitcoin slightly retreated after a minor pullback. The pair hits high of $6596 and is currently trading around $6472. Any break below 5800 confirms bearish continuation.Major altcoins following foot steps of Bitcoin.

XMRUSD has shown a good recovery of more than 20% from the $96.67. The pair hits high of $116.88.

The near term resistance is around $120 (100- day MA) and any break above targets $130/$142/ $151.95.

On the lower side, near term support is around $108 (50- day MA) and any break below targets $100/$96.

It is good to buy on dips around $104-$105 with SL around $96 for the TP of $142.


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