In the last 24 hours, IOTA (MIOTA) has been in a downtrend. It started the day at $0.50, pushed to the 200-day MA resistance level at $0.508, but failed to break above it. This saw it drop to a low of $0.491. In the next 24-hours, IOTA (MIOTA) could be headed lower, now that it has failed to break above minor support at $0.499. However, to make a low risk sell order in IOTA (MIOTA), it would be best to wait for the price to drop below the 24-hour low of $0.4911. This would be confirmation of an intra-day bear run, one that could see IOTA (MIOTA) hit a low of $0.483. That’s the next key support level on the 6-hour chart, one that could offer a good exit point from an intra-day sell order.
On the other hand, if in the next 24-hours IOTA rises above the 21-day MA at $0.499, and extends above $0.50, it would be prudent to go long, with a target of $0.508 on the 200-day MA. If IOTA (MIOTA) breaks above this price level in the course of the day, then chances are that bulls could push it higher, possibly to $0.514. That’s the next key resistance level, since IOTA (MIOTA) has lagged at this price level in the recent past.
Tron (TRX) dropped in the last 24 hours. It opened at $0.245 and pushed to a low of $0.0239 within the day. In the next 24 hours, Tron (TRX) could possibly be headed lower. That’s because selling volumes have picked up in the last 24 hours. If selling momentum continues and Tron breaks below $0.0237, it would make sense to go short with a target of $0.0224. That’s the next key support level on the 6-hour 200-day MA.
However, if buying momentum returns to the market and Tron pushes above the 21-day MA at $0.0243, it would be best to go long with a target of $0.0247. That’s the next key resistance level on the 200-day MA. A break above this could see Tron (TRX) rise to $0.025, which is a 48-hour high and a possible short-term exit point for a long-trade.
Ethereum Classic (ETC)
Ethereum Classic (ETC) has been bullish in the last 24-hours, having pushed from a low $9.77 to a high of $10.45. However, it has since retraced to around $10.11, a price level that is now acting as support. In the day, if this support holds, Ethereum Classic (ETC) could be headed upwards with a possible target of $10.45. That’s a 24-hour high, and a possible exit point for an intra-day long entry. If Ethereum Classic (ETC) pushes above $10.45, it could be headed lower with a target of $10.49 on the 6-hour 100-day MA.
However, if Ethereum Classic (ETC) breaks below $10.11, and extends below 10.03, it would make sense to go short with a target of $9.90 on the 200-day MA. A break below this level could see Ethereum Classic (ETC) drop to $9.77 in the day, but this is highly unlikely since momentum is largely positive.