VeChain, VET

IOTA (MIOTA)

After a downside breakout that saw IOTA (MIOTA) drop from $0.329 to a low of $0.289, IOTA (MIOTA) has made slight gains in the past 24-hours. However, it seems to have hit resistance at the 100-day MA and has been dropping from that point on, and could be headed lower. To go short on IOTA (MIOTA), it would be best to wait for a break below the day’s low of $0.288. This would be an indicator of increased bear power and a trigger to go short. This would be an indicator to go short with a target of $0.232. That’s the next key support level for IOTA on the weekly charts, and a possible exit point from a short position.

However, if IOTA (MIOTA) breaks above the 100-day MA at $0.324, it would be best to go long with a target of $0.337. That’s the last high it has hit in the last 48-hours and a possible exit point from a long position. However, if IOTA (MIOTA) breaks above this range, it could possibly head higher and test $0.368 on the 200-day MA.  A break above $0.368 would also indicate that IOTA (MIOTA) is headed into a short-term bull run and could possibly break above $0.40.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been trending lower for the past 48-hours. It is trending below the 21-day MA with $5.29 acting as short resistance.  This is an indicator that Ethereum Classic (ETC) could be headed lower. To go short on Ethereum Classic (ETC), it would be best to wait for a break below $5. This would be an indicator to go short with a target of $2.98. That’s a key support level for Ethereum Classic (ETC) on the weekly chart, and a possible reversal point for Ethereum Classic (ETC).

However, if Ethereum Classic (ETC) pushes above the 21-day MA at $5.31 and the 24-high of $5.38, it would make sense to go long with a target of $5.76. A break above this could see it rise to $6.02. That’s a 72-hour high and a possible exit point in the short-term.

XRP (XRP)

XRP (XRP) is at the verge of a breakout. It has formed a minor double bottom at $0.40. In the event that XRP (XRP) breaks below this support level, it would be an indicator that bears are in control of the market. This could possibly see XRP (XRP) drop to $0.376. That’s a 2 weeks low and a possible exit point from a short-term short position.  If it breaks below this level, it could possibly test the $0.27 support on the weekly charts.

However, if XRP (XRP) bounces off this level and extends above the day’s high of $0.430, it would be an indicator of short-term bull power. This would be a trigger to go long with a target of $0.440. If it breaks above this level, it could possibly test $0.469 on the 200-day MA. If it breaks above this level, then it could also mark the beginning of a near-term bull run, with a possible target of $0.55. That’s a level it has oscillated at for the past few months.

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