Bitcoin is trading higher for 4th consecutive days has and is holding above $7000 level.The pair hits high of $7429 and is currently trading around 7331. Any consecutive weekly close above 7000 confirms minor bullishness and a jump till 7965 likely. Major altcoins also trading higher in footsteps bitcoin.
XMRUSD has shown a good jump of more than 20% in the past two trading days and is one of the best performing altcoin. It hits high of $141.68 and is currently trading around $139.
XMR declined continuously from the minor top of $151.95 till $76 almost more than $75. The pair is trading high for past two weeks.
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 $125 (100- day MA) and any break below targets $113 (55- day EMA)/$100
It is good to buy on dips around $125-28 with SL around $113 for the TP of $151/$180.
