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FxWirePro: Sell XMR/USD on rallies

Bitcoin has lost more than 1300 points from high of $7429 and it hits low of $6119 and is currently trading around 6278. Any break below 5800 confirms bearish continuation. Major altcoins also shown a huge sell-off following footsteps of Bitcoin.

 XMR/USD has lost almost 30% from the high of $141.68. The pair declined till $100.73 and is currently trading around $105.38. Any break below 100 will confirm minor weakness.

The near term resistance is around $114.50 and any break above targets $128/142/ 151.95/180 (200- day MA).

 On the lower side, near term support are around $100 (20- day MA) and any break below targets $87/$76.

 It is good to sell on rallies around $120-23 with SL around $130 for the TP of $76.

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