Crypto Technicals: XMR/USD capped at 61.8% Fib, weakness likely on break below 21-EMA

XMR/USD chart - Trading View

Exchange - Binance

Support: 88.53 (21-EMA); Resistance: 97.53 (61.8% Fib)

Technical Analysis: Bias Neutral

XMR/USD extends sideways grind after being capped at 61.8% Fib.

The pair holds 21-EMA support, break below will see weakness.

'Bearish Divergence' on RSI and Stochs raises scope for downside in the pair.

Break below 21-EMA eyes 55-EMA at 78.75. Further weakness will see dip till 71.50.

Breakout above 61.8% Fib could see further gains. Next bull target above lies at 78.6% Fib at 113.89.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.