Bitcoin has lost more than 10% in 3 minutes and hits low of 6921 at the time of writing.The pair hits high of $7429 and is currently trading around 6993. Major altcoins also shown a huge sell-off following footsteps of bitcoin.
XMRUSD has halted its bullishness after a shown a good jump for more than 2 weeks of bullishness. The pair jumped more than 20% in this week. It hits high of $141.68 and is currently trading around $124.
XMR declined more than $15 from yesterday’s high and is currently trading around $124.40.
The near term resistance is around $142.18 (78.6% fib) and any break above targets 151.95/180 (200- day MA).
On the lower side, near term support is around $124 (100- day MA) and any break below targets $113 (55- day EMA)/$100
It is good to buy on dips around $123-24 with SL around $113 for the TP of $151/$180.