IOTA, Ethereum Classic , XRP

IOTA (MIOTA)

IOTA (MIOTA) has been trading in a range for the past 4 days. It has been ranging between $0.426 and $0.408 with the 21-day MA acting as a key resistance level. To make a trade in IOTA, it would be best to wait for a breakout outside of this range. That’s because when prices trade in a range, it usually means that either buyers or sellers are consolidating their positions, which means a breakout can happen in any direction. In the case that IOTA breaks out to the upside and pushes above the 55-day MA at $0.416, it would be best to go long with a target of $0.435. That’s a key resistance point for IOTA on the 100-day MA. A break above this would see IOTA hit a high of $0.462 on the 200 day MA, which is a possible reversal point in the day.

However, if IOTA breaks out to the downside and extends below $0.390, it would be best to go short with a target of $0.349. That’s the low it hit during the crypto meltdown on the 14th and a possible exit from a short position.

XRP (XRP)

XRP (XRP) has been on an uptrend for the last 4 days.  In this period, it has pushed from a low of $0.414 to a high of $0.504. In this period, it has pushed above two key moving average levels namely the 100-day MA at $0.483 and the 200-day MA at $0.498. That’s an indicator of bullish sentiment in XRP. To go long on XRP, it would be best to wait for a break above the day’s high of $0.505. This would be a trigger to go long with a target of $0.531. That’s a level at which, XRP has ranged in the recent past, and a possible exit point from an intra-day long position.

If in the in the course of the day, XRP breaks below the 200-day MA and extends below the 100-day MA at $0.483, it would be best to go short with a target of $0.472. That’s a level at which, it has ranged in the last 3 days and a possible exit point from a short position.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been range-bound for the last 4 days. It has been trading in a range between $7.86 and $7.45. To trade in ETC, it would be best to wait for a breakout outside of this range.  If Ethereum Classic (ETC) breaks out to the upside and pushes above the 55-day MA at $7.65, it would be best to go long with a target of $8.05 on the 100-day MA.

On the flip side, if Ethereum Classic (ETC) drops below $7.45, it would be best to go short with a target of $6.84. That’s a price level that Ethereum Classic (ETC) hit during the last crypto crash and a possible exit point from a 24-hour trade. If it drops below this level, it would be best to go short with a target of $5.58. That’s a long-term support level, one at which, Ethereum Classic (ETC) could reverse at, and enter a long-term bull run all the way into 2019.

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