Monero is in a trend channel which is slighlty negative. Support is near at Fibb 23,6% (which is not a strong fibb retracement!). So it could fall a llitle bit under his line and climb afterwards (see trend channel).
But we´re talking of a big chance for rising pirces in short time from about 83$ to 103$ = 24%. And if the hype about btc and its hardforks will have an end, the demand coming back to the altcoins (including monero) then there is also the chance for even higher prices (fibb 61,8% at 119$ = 43% gain). Try to do this in btc from its current level.
But we´re talking of a big chance for rising pirces in short time from about 83$ to 103$ = 24%. And if the hype about btc and its hardforks will have an end, the demand coming back to the altcoins (including monero) then there is also the chance for even higher prices (fibb 61,8% at 119$ = 43% gain). Try to do this in btc from its current level.