Ethereum Classic, IOTA, XRP

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been relatively bullish in the last 48 hours.  In this duration, it has pushed up from a low of $10.66 to a high of $11.08 on the 200-day MA. However, it seems to have hit resistance at this price level. It has failed to break above it in the last 7 hours, which means that it could possibly reverse in the next 24 hours. In essence, if Ethereum Classic (ETC) drops below the 100-day MA at $10.96, it would be best to go short with a target of $10.90. If it breaks below this price level, ETC could possibly touch a low of $10.74 in the day. Ethereum Classic

However, if there is an increase in volumes and Ethereum Classic (ETC) breaks above the 200-day MA at $11.08, then there is a probability that it could touch a high of $11.69 in the day. That’s the 200-day MA on the 6-hour chart, and a possible resistance point.

IOTA (MIOTA)

For the last 48-hours, IOTA (MIOTA) has been in a bullish uptrend. It has pushed from a low of $0.558 to a high of $0.605. However, it seems to be experiencing some resistance at $0.605. To make a trade in IOTA (MIOTA) it is best to wait for a break outside of $0.605 and $0.593 range. If IOTA (MIOTA) breaks outside of this price, the next possible resistance point is at $0.735. That’s the 200-day MA level on the 12-hour chart.IOTA

On the other hand, if there is an increase in selling volumes, and IOTA (MIOTA) breaks below $0.593, it would make sense to go short, with a target of $0.565. That’s the 200-day MA level on the 1-hour chart, a price level that could offer significant support in the day. A break below that price could see it drop to around $0.545.

XRP (XRP)

In the last 48-hour hours, XRP (XRP) has been relatively bullish. It has pushed up from a low of $0.467 to a high of $0.502. However, it seems to have hit some resistance at this price level on the 100-day MA. It has been ranging below this price level for the 8 hours, with the 21-day is offering minor support at $0.488.  For a good intra-day trade in XRP (XRP) it would make sense to watch the 100-day MA at $0.50. If in the course of the day, XRP (XRP) breaks above $0.50, there is a good chance that it could rally, and possibly hit the 200-day MA at $0.527. That’s a possible resistance point, one at which it could reverse in the course of the day.XRP

However, if in course of the day XRP (XRP) drops below $0.488, and extends below the 55-day MA at $0.482, it would be prudent to go short, with a target of $0.470. That’s the next major support level in the day, one at which it could range. If it breaks below this price level, then it could possibly drop to $0.460. That’s the next major support level on the 6-hour 100-day MA.

loading...

LEAVE A REPLY

Please enter your comment!
Please enter your name here