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FxWirePro: Monero break major resistance at $107100, jump till 131 likely

Bitcoin has broken $7000 level after long consolidation. The pair hits high of $7126 and is currently trading around 7086. Any break above 7000 confirms minor bullishness and a jump till 7965 likely. Major altcoins also trading higher in footsteps bitcoin.

 

The pair has shown a good jump of more than 40% after hitting low of $76. It hits high of $107 and is currently trading around $90.88. The pair has jumped twice slightly above $100 and declined from that high.

XMR declined continuously from the minor top of $151.95 till $87 almost more than $60. The pair has recovered after showing a minor decline below trendline.

The near term resistance is around $107 and any daily close above confirms minor bullishness. Any violation above targets $118/$131.

 

On the lower side, near term support is around $90and any break below targets $77/$70.

 

It is good to buy on dips around $100 with SL around $93 for the TP of $131.

 

 

 

 

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