Ethereum Classic (ETC)
Ethereum Classic (ETC) has been trading in a range for the past 24-hours, oscillating between $9.02 and $9.10. This is an indicator that there are low volumes in this market at the moment. To trade in Ethereum Classic (ETC) it is best to watch out for a volumes increase either to the downside or to the upside. If volumes increase and Ethereum Classic (ETC) pushes above $9.10 and then extends above $9.15, it would be an indicator that bulls are in control of the market, and could push ETC to $9.47 in the day. This is the next key resistance for Ethereum Classic (ETC) on the 200-day MA.
On the other hand, if Ethereum Classic (ETC) breaks out downwards, it would be an indicator that bears have control of the market. A downside break below $9.02 would be a trigger to go short, with a target of $8.75. That’s the last low it has hit in the last 24 hours and could be a possible support, and a good exit point from an intra-day sell order. If it breaks below this level, then it could test $8.18, which is the next key support on the weekly chart.
XRP (XRP) has been slightly bullish in the last 24-hours. In this period, it has pushed from a low of $0.437 to a high of $0.461. This bullish push saw it break above the 200-day resistance level at $0.459. However, it failed to hold above this level and is now trading in a range below this resistance level. To trade in XRP, it’s best to wait for it to break outside of its current range. If it breaks outside of its current range and extends above the 200-day MA at $0.458, it would be confirmation that bears are in control. This would be confirmation to go long, with a target of $0.486. That’s the next resistance level for XRP on the 6-hour chart.
However, if XRP breaks below its current support at $0.451, it would make sense to go short, with a target of $0.444. That’s the next key support level in the day, one where it could possibly reverse at in the course of the day.
IOTA (MIOTA) has been bullish for the last 24-hours. In this period, it has pushed from $0.437 to a high of $0.473. However, this bullish push failed to drive it past the 200-day resistance level at $0.478. This could indicate that bulls are losing steam. Therefore, to go long on IOTA (MIOTA) it is best to wait until it pushes above the 200-day resistance point at $0.478. This would be confirmation of bullish sentiment. Such a position would have a good exit point at $0.505. That’s the next major resistance point on the 6-hour 100-day MA.
However, if IOTA breaks downwards and pushes below the 1-hour 100-day MA at $0.463, it would make sense to go short with a target of $0.452, a price level at which, IOTA (MIOTA) has lagged in the past. It could offer significant support in the day, and act as a good exit point from a short-term sell position.