IOTA, XRP, Stellar XLM

IOTA (MIOTA)

IOTA (MIOTA) has been relatively bearish in the last 48-hours. In this period, it has dropped from 0.493 to a low of $0.473.  It seems to have found support at this level on the 200-day MA. If in the course of the day IOTA (MIOTA) breaks below this support level, it would be an indicator that the bearish trend will continue. This would be a trigger to go short with a target of $0.451. That’s the next key support level, where IOTA (MIOTA) has ranged at in the last 5-days, and where it could lag if it drops.

On the other hand, if IOTA (MIOTA) holds above the 200-day MA at $0.457, and pushes above the 21-day MA at $0.481, it would be an indicator that bulls are back in control of the market. This would be a trigger to go long with a target of $0.493. That’s the last high it has hit in the last 48-hours and one where it could range at in the next 24-hours. If it breaks above this price level, then it could possibly rise to $0.532. That’s the next key resistance level on the 6-hour 200-day MA and one where it could range at in the day.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been flat for the last 24-hours. It has been converging between the 21-day MA at $9.159 and the 55-day MA at $9.131. This is an indicator that a breakout is imminent. If there is a breakout to the upside and Ethereum Classic (ETC) pushes above the $9.22 resistance level, it would be best to go long with a target of $9.31. That’s the next key resistance level on the 200-day MA. A break above this could see the value of Ethereum Classic (ETC) push to $9.62.  That’s the next key resistance level in the day.

However, if Ethereum Classic (ETC) breaks out to the downside and pushes below the 100-day MA at $9.08, it would be an indicator that bears are taking control of the market. This would be a trigger to go short, with a target of $8.76. That’s the last low it has hit in the last one week and one where it could possibly face some resistance in the next 24-hours.

Monero (XMR)

Monero (XMR) has been bearish in the last 48-hours. It has dropped from $107.79 to a low of $104.86. However, it seems to be consolidating at this price level, an indicator that it could have bottomed-out at this level. However, to make a low-risk buy entry in Monero (XMR) it would be best to wait for it to break above the 21-day MA at $105.81. This would be a trigger to go long with a target of $107.23, a level at which, Monero (XMR) has ranged at in the last 24-hours.

However, if Monero (XMR) breaks out downwards and pushes below the 200-day MA at $104.56, it would be best to go short with a target of $103.23. That’s the last low it has hit in the last 48-hours and one that could offer some level of support in the day.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here