stellar (XLM)

Ethereum Classic (ETC)

In the last 8 hours, Ethereum Classic (ETC) has dropped from $9.62 to a low of $9.00. However in the last few hours, it has stabilized above this price level, establishing minor support at $9.10.  With the high selling markets in the market at the moment, Ethereum Classic (ETC) could drop further in the next 24 hours, which makes shorting it the best risk-reward play.  To make a low risk sell entry in Ethereum Classic (ETC), it would be best to wait until it breaks below the day’s low of $9.00. This could be a trigger to go short, with a target of $8.18. That’s a long-term support level that Ethereum Classic (ETC) could hit in the day, if selling volumes continue on their current trajectory.

However, in the event there is a surge in buying volumes and Ethereum Classic (ETC) pushes above $9.42, it would be prudent to go long, with a target of $9.63. If it pushes above this price, then there is a good chance that it could test $9.83. That’s a key resistance level on the 200-day MA, one where Ethereum Classic could lag at in the next 24 hours.

XRP (XRP)

After trading in a tight range between $0.464 and $0.461 with the 200-day MA acting as resistance, XRP (XRP) broke out downwards. It then touched a low of $0.435, but it has since stabilized between $0.447 and $0.443. If in the course of the day XRP (XRP) breaks below $0.443, and pushes below the day’s low of $0.435, it would make sense to go short with a target of $0.397. That’s the next major support major on the 6-hour chart, and one where XRP could probably range or reverse in the day. If XRP breaks below this level then the next support would be at $0.377.

If in the course of the day XRP (XRP) gains some bullish momentum and pushes above the 24-hour resistance of $0.464, it would be best to go long, with a target of $0.488. That’s the next key resistance level on the 200-day MA.  A break above this would see XRP (XRP) test $0.50 in the next 24-hours.

IOTA (MIOTA)

IOTA (MIOTA) has been on a downward trend, after breaking below the $0.482 and $0.478 range. This saw it hit a low of $0.455 in the last 24-hours.  After a minor rebound to $0.463, IOTA seems to be headed lower and has retested the day’s low of $0.455. This is an indicator that bearish momentum is strong in this market. As such, if in the next 24 hours, IOTA breaks below $0.455, it would be prudent to go short, with a target of $0.378. That’s the next key support level for IOTA (MIOTA) in the day.

If in the course of the day, IOTA (MIOTA) gains buying momentum, and pushes above $0.482, which is now major resistance, it would be best to go long, with a target of $0.492. That’s the next key resistance level on the 200-day MA, one where IOTA (MIOTA) could range at; in the day.

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