Verge (XVG), XVG

Ethereum Classic (ETC)

It’s a weekend, and as with most weekends, volumes are quite low. That’s why most cryptos are trading in a range at the moment.  Ethereum Classic (ETC) is no exception to this, and has been trading in a range for the last 24 hours.  It has been ranging between $9.76 and $9.87.  In the last 6 hours, it has been converging between the 21-day MA and the 100-day MA. This is an indicator that Ethereum Classic (ETC) could be headed for a major breakout.  For investors looking to trade in Ethereum Classic (ETC) it would be best to wait for a breakout outside of this price range. If Ethereum Classic (ETC) breaks out to the upside, and pushes above the 100-day MA at $9.90, it would make sense to go long, with a target of $10.11. That’s a price it has ranged at in the last 3-days.Ethereum Classic

If on the other hand, Ethereum Classic (ETC) breaks out to the downside below the 21-day MA at $9.77 and extends below the day’s low of $9.69, then there is a possibility that Ethereum Classic (ETC) could drop to $9.46. That’s the last low it has hit in the last one week, and one that could be a good exit point in the day.  However, if volumes remain at their current levels for the next 24 hours, then it could range at $9.76 and $9.87 for the next 24 hours.

IOTA (MIOTA)

IOTA has been slightly bullish in the day, and has pushed from a low of $0.494 to a high of $0.512. However, it seems to have found resistance around $0.510 and has been dropping for the last 2-hours. This is an indicator that it could be headed lower.  This can be confirmed by the fact that it has also broken below the 200-day MA at $0.507. However, to go short on IOTA (MIOTA), it is best to wait for it to drop below $0.5023. This would be a clear signal to go short with a target of $0.497. That’s the last low it has hit in the last 48 hours, and one that could offer a good exit point in the day.IOTA

However, if IOTA (MIOTA) pushes back above the 100-day MA at $0.510 and extends above the day’s high of $0.512, it would make sense to go long with a target of $0.529. That’s a level it has ranged at in the last 48 hours, one that could offer a good exit point for a short-term long-trade.

Tron (TRX)

Tron has been trading in a range for the last 24 hours. In the last 6 hours, it has been converging between the100-day MA at $0.0247 and the 21-day MA at $0.0244. This is an indicator that a breakout is imminent. If Tron (TRX) breaks out to the downside and drops below $0.0242, it would make sense to go short, with a target of $0.0235. That’s a level it has lagged at in the last 5 days, and one at which, it could reverse in the day.Tron

However, if it breaks out to the upside, and pushes above the 100-day MA at $0.024, it would make sense to go long, with a target of $0.0255. That’s a price level it has ranged at in the last 2 days.

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