XRP, Monero, IOTA

XRP (XRP)

XRP has been relatively bullish in the last 48-hours. It has pushed from a low of $0.449 to a high of $0.478. In the last 20-hours, it has eased up and established support at $0.464. This is an indicator that it could rebound from this price level, and continue in its current bullish trend. However, to go long on XRP (XRP), it would be best to wait for a break above the 24-hour high of $0.478, as confirmation for bullish sentiment. A long-entry at this point would have a good exit point at $0.494. That’s the next key resistance point on the 12-hour chart.

However, if XRP (XRP) breaks below intra-day support at $0.462, it would be confirmation that bears have taken over the market. This would make a short position more ideal in the next 24-hours. Such a position would have a good exit point at $0.460 on the 100-day MA.  If it breaks below this price level, then there is a probability that it could test $0.456. That’s the next key support level on the 200-day moving average and a possible reversal point for XRP (XRP) in the day.

Monero (XMR)

Monero (XMR) has been strongly bullish for the last 48-hours. In this period, it has pushed from a low of $105.63 to a high of $114.13. However, in the last 15-hours, it has retraced slightly and established support at $111.85. This is an indicator that bullish sentiment is still prevalent in Monero (XMR) at the moment.  To go long on Monero (XMR) it is best to wait to wait for a break above the day’s high of $114.13.  A long position at this price level would have a good exit point at $115.47. That’s the next key support level on the 6-hour chart, one where Monero (XMR) could reverse in the day.

However, if in the course of the day Monero (XMR) drops below $110.60 it would be a signal that bears are gaining strength in the market. This would be a trigger to go short with a target of $108.59. That’s the next key support level on the 55-day MA and a possible exit point in the day.

IOTA (MIOTA)

IOTA (MIOTA) has been bullish in the last 48-hours. However, it seems to have hit resistance at $0.50 and is now trading in a range between $0.495 and $0.50. To go long on Ethereum Classic (ETC), it would be best to wait until it breaks above the $0.504 resistance point. This would be an indicator that bulls are in control and that the market could be headed up. Such a long position would have a good exit point of $0.529. That’s the next key resistance level for IOTA (MIOTA) on the 6-hour 200-day MA.

However, if in the course of the day IOTA (MIOTA) breaks below $0.495, it would be best to go short with a target of $0.484. That’s the next key support level for IOTA (MIOTA) on the 100-day MA. A break below this would see it possibly test $0.473 on the 200-day MA. That’s the next price where Monero could possibly consolidate or reverse in the next 24-hours.

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