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FxWirePro: XMR/USD trades above minor trend line resistance, a jump till $142 likely

Bitcoin is trading slightly higher after breaking resistance of $6600 level. Short term trend is bullish as long as support $5800 holds. It is currently trading around $6715. Any break below 5800 confirms bearish continuation.Major altcoins following foot steps of Bitcoin.

 

XMRUSD has shown a good recovery of more than 15% in the past 48 hours after hitting low of $103.50. The pair hits high of $122.01and is currently trading around $121.10.
 

The near term resistance is around $123 and any break above targets $128/$142/ $151.95.

 

On the lower side, near term support is around $112 and any close below targets $103/$96/$76.

 

It is good to buy on dips around $114-$115 with SL around $103 for the TP of $142.

 

 

 

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