Ethereum Classic, XRP, IOTA

IOTA (MIOTA)

IOTA (MIOTA) has been slightly bullish in the last 24-hours. It has pushed from a low of $0.50 to a high of $0.536. However, in the last few hours, IOTA (MIOTA) has dropped and is currently trading at around $0.514. For a trader looking into IOTA (MIOTA), it is best to watch the 55-day MA at $0.538, which is a key resistance price level. One also needs to watch $0.504, which is a major support level for IOTA (MIOTA). If it drops below $0.504, it would be best to go short, with a target of $0.482.  That’s the last low it has hit in the last 48-hour, one at which, IOTA could rebound at in the day.IOTA

On the other hand, if IOTA (MIOTA) gains buying momentum and pushes above the 55-day MA resistance at $0.538, it would make be most ideal to go long with a target of $0.577. That’s a possible exit point on the 200-day MA, since it is the price at which, IOTA (MIOTA) could possibly reverse.

Tron (TRX)

After a 3-day bull-run that saw Tron (TRX) push from a low of $0.0205 to a high of $0.02, it has eased up. It is now trading in a range between $0.0246 and $0.0256. For an investor looking into Tron (TRX), it is best to wait for a break outside of this range. If it breaks out to the downside and drops below $0.0246, it would be ideal to go short with a target of $0.0225. That’s the next major support level on the 200-day MA, one that could offer a good exit point for a short-term trade.TRON

However, if Tron (TRX) pushes above $0.0256, it would make sense to go long with a target of $0.028. That’s the last high Tron (TRX) has hit in the week, one at which, it could possibly reverse in the day, and hence a good exit point. But, if it fails to break outside of this range in the next 6 to 12 hours, then it could possibly trade in a range for the next 24 hours.

Stellar (XLM)

Stellar (XLM) has been one of the more bullish cryptos in the week. It has pushed from a low of $0.209 to a high of $0.255, but in the last 6-hours, it has dropped to around $0.243 on the 55-day MA. For an investor looking to get into stellar (XLM), it would be best to watch the 55-day MA and the day’s high of $0.255.  If stellar (XLM) drops below the 55-day MA at $0.243, it would be best to go short with a target of $0.227 on the 200-day MA.Stellar

On the other hand, if Stellar (XLM) pushes above the day’s high of $0.255, then it would make sense to go long with a target of $0.264, which is the next major resistance level on the 6-hour chart. It’s a level where stellar has ranged at in the past, one at which, it could rebound, and offer a good exit point.  However, if volumes decline, stellar is likely to trade in a range for the next 12 – 24 hours.

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