IOTA, Ethereum Classic , XRP

IOTA (MIOTA)

It has been a bearish day for the entire crypto market, and IOTA (MIOTA) has been no exception. After pushing to a high of $0.511 in the day, IOTA (MIOTA) has reversed and has dropped below the 200-day to hit a low of $0.479. Selling volumes are also quite high, indicating that sellers are still in control of the market. If IOTA (MIOTA) continues on its current trajectory, chances are that it could hit lower valuations. If in the day IOTA (MIOTA) pushes below $0.479, it would be best to go short with a target of $0.452. That’s the next key support level for IOTA (MIOTA) on the 6-hour chart.

However, in case IOTA (MIOTA) pushes above $0.507, which is a key resistance point in the day, it would be a trigger to go long. Such a position would have a good exit point of $0.526. That’s a key resistance level on the 6-hour 200-day MA. If it breaks above this price level, chances are that it could push to $0.595. That’s the next key resistance level, where it has ranged at in the last 3 weeks.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been relatively bearish in the day. In the last 24-hours, it has dropped from $9.77 to a low of $9.47. This drop has seen the value of this crypto drop below the 100-day MA at $9.59. The fact that it has held above the 100-day MA is a trigger to go short on ETC in the next 24-hours. A short position on Ethereum Classic at current prices would have a good exit point at $9.36. That’s the next key support level on the 200-day MA. If bearish sentiment continues and Ethereum Classic (ETC) drops below the 200-day MA, then the next possible exit point would be at $9.14. That’s a price level it has ranged at in the next one month and one that would be a good exit point for Ethereum Classic (ETC).

However, if in the course of the day, Ethereum Classic (ETC) pushes above the 100-day MA at $9.59, it would be best to go long, with a target of $9.69 on the 55-day MA. A break above that could see Ethereum Classic (ETC) hit the 72-hour high of $10.03.

XRP (XRP)

XRP has been largely bearish all through the day. In the last 24-hours, it has dropped from $0.546 to a low of $0.502. This drop has seen it push below the 100-day MA at $0.51 and hold below it, an indicator that bears are in control of this market.  A short position at this price level would be most ideal with a target of $0.483. That’s a key support level for XRP in the day, on the 200-day MA.

However, if XRP (XRP) pushes above $0.519, it would be an indicator that bulls are back. A long position at this point would be most ideal with a target of $0.543. That’s a key resistance point for XRP in the day and a good exit point from an intra-day trade. If it breaks above this price, then $0.60 would be the next resistance point for XRP.

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