# Crypto Technicals: Monero breaks above 38.2% Fib, hits 4-week highs above $91 mark By Anupama Grandhi Canonical URL: https://www.tokenpost.com/news/investing/2904 Published: 2019-08-05T04:18:05.000Z Updated: 2019-08-05T04:20:05.000Z Section: Investing > Support: 86.86 (5-DMA); Resistance: 96 (50% Fib) [XMR/USD]() chart - Trading View Exchange - Kraken Support: 86.86 (5-DMA); Resistance: 96 (50% Fib) Technical Analysis: Bias Bullish Monero spikes higher tracking gains in Bitcoin. XMR/USD was trading 3.51% higher at 91.44 at 04:05 GMT. Price action is extending upside after 'Bullish Gartley' pattern formation. Scope for gains upto 61.8% Fib at 101.66. Momentum studies are bullish. RSI is well above 50 levels and Stochs and RSI are sharply higher. Bullish MACD crossover on signal line and 5-DMA crossover on 20-DMA adds to the bullish bias. The pair has broken above major EMAs and minor correction overnight failed to close below 55-EMA. The pair has broken above 38.2% Fib retracement at 90.34 and eyes next resistance at 96 (50% Fib). Further bullish momentum will see test of cloud base at 98.03 ahead of 61.8% Fib at 101.66. 5-DMA is immediate support at 86.86. Break below will see dip till 20-DMA at 82.49. ## Links in this article - [XMR/USD](https://www.tradingview.com/symbols/XMRUSD/)