FxWirePro: XMR/USD consolidates in narrow range ,good to buy on dips

Bitcoin has shown a minor jump after hitting high of $6424 yesterday. Short term trend is bullish as long as support $5800 holds. It is currently trading around $6562. Any break below 5800 confirms bearish continuation.Major altcoins following foot steps of Bitcoin.

XMRUSD is trading between $107.80 and $120 for past four trading days. It is currently trading around $113.56. The pair has taken support near trend line and shown a minor jump.
 

The near term resistance is around $128.60 and any break above targets $142/ $151.95.

On the lower side, near term support is around $107 (50- day MA) and any close below targets $103/$96/$76.

It is good to buy on dips around $107-108 with SL around $96 for the TP of $128/142.