Stellar (XLM)

IOTA (MIOTA)

IOTA is pretty bullish in the day, and has been trending upwards above the 55-day moving average all through the day. After hitting a high of $0.634, it has retraced to around $0.60, though it is still above 55-day moving average, which is now acting as a key support level. If it holds above $0.60 for the next 6 4 to 6 hours, it would make sense to go long with a target of $0.80. That’s the next key resistance level on the day’s chart’s 100-day moving average. For a more refined buy, it would be best to wait until IOTA (MIOTA) breaks above the day’s high of $0.634. That would be confirmation that bulls are in fully in control of the market.IOTA

However, if IOTA breaks below $0.60 and extends below $0.59, it would be more prudent to go short with a target of $0.565. That’s the next key support level on the 200-day moving average, a level at which, IOTA (MIOTA) could reverse in the day. However, if overall market volumes decline, IOTA (MIOTA) could trade in a range between $0.614 and $0.60.

Ethereum Classic (ETC)

Like IOTA (MIOTA), Ethereum Classic (ETC) has been trending upwards along the 55-day moving average, an indicator that there is positive momentum in this crypto. However, in the last 6 hours, Ethereum Classic (ETC) has retraced, and is now trading in uncertain territory. That’s because it has broken below the 55-day moving average at $11.50, and is trading slightly below it at $11.49 – $11.44. To make a good trade in Ethereum Classic (ETC), it would be best to wait until it either breaks back above $11.50 or extends further down below $11.37. In case it breaks back up and pushes above the day’s high of $11.77, it would be best to go long, with a target of $12.97. That’s the next key resistance level, on the day’s 55-day moving average.Ethereum Classic

 

However, if Ethereum Classic (ETC) breaks below $11.37, it would be best to go short, with a target of $11.03. That’s the next key support level on the 200-day moving average.

NEO (NEO)

NEO has been pretty bullish in the day, and has pushed from a low of $18.51 to a high of $20.79. However, in the last 6 hours, it has retraced, and is trading at around $19.70 while gaining selling momentum. To make a trade in NEO (NEO) with a 24-hour target, it would be best to wait until it either retraces back above the day’s high, or drops on to major support along the 55-day moving average at $19.17. If by any chance NEO (NEO) hits the 55-day moving average and break below it, it would be best to go short, with a target of $17.93 on the 200-day moving average.NEO

However, if it hits support, or reverses before that, back above the day’s high at $20.79, it would be best to go long, with a target of $26.75. That’s the next key resistance level on the 100-day moving average in the day chart.

 

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