Electroneum (ETN)

Bitcoin (BTC)

The market has been in the red all day long. This has seen bitcoin (BTC) drop to a low of $6365 pushing below the 200-day moving average support level at $6518. That’s an indicator that bear are in control of the market. In the last 8 hours, bitcoin has stabilized, and has been consolidating between $6441 and $6369. For someone looking to trade in bitcoin (BTC) in the next 24-hours, it would be best to wait for a break out of the current range. If bitcoin drops below $6369, it would make sense to go short with a target of $6297. If it breaks below that, it could test $6100, which is the lowest price it has hit in the last one week.Bitcoin

However, if the value of bitcoin (BTC) breaks back above the 200-day moving average, it would be best to go long with a target of $6677. That’s the next major resistance level on the 100-day moving average. A break above this price could see bitcoin rise to $6700, a price level at which, it has reversed at in the past.

IOTA (MIOTA)

Like the rest of the market, IOTA (MIOTA) has been in the red today. In the last 24 hours, it has broken below the 200-day moving average at $0.567 to test a low of $0.526. In the last 7 hours, IOTA (MIOTA) has been trading in a range between $0.529 and $0.540, an indicator that the market is consolidating.  For an investor looking to trade in IOTA (MIOTA) in the next 24 hours, it would make sense to wait until it breaks outside of this range. If IOTA (MIOTA) breaks below this price level in the day, it would be best to go short with a target of $0.508. That’s the last low it has hit in the last 5 days, one that could offer some level of support in the day.IOTA

However, if IOTA (MIOTA) breaks out to the upside and pushes above the 200-day moving average at $0.563, it would be best to go long with a target of $0.59. That’s the next major resistance level on the 100-day moving average. A break above that could see it hit a high of $0.61 in the day.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been trending downwards pushing below the 200-day moving at $11.06. In the last 24 hours, it has hit a low $10.44, and is now trading in a range between $10.63 and $10.52. For a trader looking into Ethereum Classic (ETC), it would be best wait until it breaks outside of this range. If it breaks to the downside, it would be best to go short with a target of $10.28. That’s the last low it has hit in the last 5 days, one that could hold in the next 24 hours.Ethereum Classic

However, if Ethereum Classic (ETC) breaks outside of this range to the upside above $10.53, it would be best to go long with a target of $11.01. That’s a key resistance level in the day, along the 200-day moving average.  If it breaks above that level, it could test $11.32 on the 100-day moving average, which is the next major resistance level.

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