FxWirePro- XMRUSD (Chart of the day)

Monero coin was originally forked from Bytecoin and is a secure private untraceable coin. Monero uses RingCT privacy technology. It provides privacy through unique features such as

For senders (Ring Signatures)

For receivers (Stealth address)

For the transaction (Ring CT (Confidential transaction)

XMRUSD performed well in the past two weeks.

Any daily close above $180 confirms further bullishness.

XMRUSD gained more than 15% in the past two weeks. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $137 and is currently trading around $134.15.

The bullish invalidation can happen if the pair closes below $100. On the lower side, the near-term support is $130. Any break below the target $120/$100. significant downtrend if it breaks $100

The immediate resistance stands at around $140. Any breach above confirms bullish continuation. A jump to $155/$172/$200/$216  is possible. A surge past $216 will take it to $229/$250.

It is good to buy on dips around $120 with SL around $100 for TP of $200.