Stellar (XLM)

IOTA (MIOTA)

IOTA has been trading along the 200-day moving average for the last 9 hours. However, the price is facing resistance in an increasingly narrow range at the 21-day moving average. This is an indicator that IOTA (MIOTA) could be headed for a breakout. For a trader looking to take a position in IOTA (MIOTA), it would be best to wait out until there is a breakout either below the 200-day moving average, or above the 55-day moving average on the upside. If there is a break below the 200-day moving average at $0.687, then it would be a time to go short.IOTA

Selling IOTA at this point would offer great returns with a target of $0.654. That’s the lowest price point it has hit in the last 4 days, and one that is likely to offer a significant support in case of a price drop in the next 24-hours. On the other hand, if the price of IOTA breaks above the 55-day moving average at $0.732, it would be best to buy, with a target of $0.759. That’s the highest point it has hit in the last 3-days and could offer significant resistance in the day.

Tron (TRX)

All through the day, Tron (TRX) has been oscillating around the 200-day moving average, which is offering major support in the day. On the upside, the 100-day moving average is a strong resistance in the day. For an investor looking to buy into Tron (TRX), it would be best to wait until their there is a break outside of these two levels.Tron

If Tron (TRX) breaks outside of the 200-day moving average and drops below the day’s low of $0.0244, it would be best to go short with a target of $0.0234, the last low in the last 5 days. On the other hand, if Tron (TRX) breaks above the 100-day moving average at $0.0253 and also retests the day’s high at $0.0254, it would be best to go long, with a target of $0.026 in the day. If Tron (TRX) doesn’t break outside the 200 and 100 day moving average range, chances are that it could range there for the next 24 hours.

Ethereum Classic (ETC)

Ethereum Classic (ETC) is strongly bullish in the day. One of the clearest indicators that Ethereum Classic (ETC) is bullish right now is the perfect alignment of the moving averages, with the 21-day moving average moving in tandem with the price. For a trader looking to make a move into Ethereum Classic (ETC), it would be best to wait until there is a retracement.

The price is already showing signs of a retracement. It has dropped from the day’s high of $14.55 to around $14.22. If this level holds for another 2 to 4 hours, it would be best to go long on ETC with a target of $15.36. On the other hand, if it drops below the day’s low $13.68, it would be time to go short, with a target of $13.21. However, this is highly unlikely to happen given the strong momentum in the market.

LEAVE A REPLY

Please enter your comment!
Please enter your name here