Crypto Technicals: XMR/USD poised to resume upside, on track to test 78.6% Fib at 113.89

XMR/USD chart - Trading View

Exchange - Binance

Support: 88.93 (5-DMA); Resistance: 113.89 (78.6% Fib)

Technical Analysis: Bias Bullish

XMR/USD holds 21-EMA support, bias remians bullish.

The pair has paused upside at 61.8% Fib at 97.53, breakout above could see further gains.

Momentum with the bulls, Stochs and RSI are sharply higher.

But 'Bearish Divergence' could limit upside in the pair.

Next bull target above 61.8% Fib lies at 78.6% Fob at 113.89.

5-DMA is immediate support at 88.92. Break below 21-EMA could see further weakness.

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