IOTA, Stellar, XRP

IOTA (MIOTA)

IOTA (MIOTA) has been in a slow uptrend for the past 48 hours. In this period, it has pushed from a low of $0.289 to a high of $0.332. However, in the last 12-hours, IOTA (MIOTA) seems to have eased up a little bit. It has dropped and established support at $0.318 on the 55-day MA. The fact that it has held above this price is an indicator that bulls are in control of this market, even though volumes are low. To go long on IOTA (MIOTA), it would be best to wait for a break above the day’s high of $0.332, as a confirmation of bullish momentum. This would be a trigger to go long with a target of $0.357. That’s a key resistance level for IOTA (MIOTA) on the 200-day MA and a possible reversal point from a short-term long position.

However, if IOTA (MIOTA) drops below the 55-day MA at $0.318, and extends below the day’s low of $0.311, it would be an indicator of increasing bearish sentiment. This would be a trigger to go short with a target of $0.297. That’s a level at which, IOTA (MIOTA) has reversed twice in the past week and a possible exit point from a short position.

Stellar (XLM)

There are very low volumes in the stellar (XLM) market at this point. However, even in this low volumes environment, bullish sentiment is relatively strong in Stellar. That’s because it seems to have established support at $0.179 and its holding strong. To go long on Stellar with a 24-hour target, it would be best to wait for above the day’s high of $0.189. This would be confirmation of increased bull power, and a possible sustained bull rally the next 24-hours. Such a rally would have a good exit point at $0.194. That’s a key resistance level for stellar (XLM) on the 100-day MA. A break above this could see stellar test $0.217 on the 200-day MA.

However, if Stellar (XLM) breaks below the day’s support of $0.179, it would make sense to go short with a target of $0.168. That’s a year’s low and a possible long-term support for Stellar (XLM).

XRP (XRP)

XRP (XRP) has been bearish for the past 24-hours. In this period, it has dropped from a high of $0.429 to a low of $0.403. However, in the past few hours, it has made slight pullback, but it’s not strong. That’s an indicator that bears are still in control of this market. To go short on XRP, it would be best to wait for it to drop below the day’s low of $0.403 as confirmation of bearish sentiment. A short position at this level would have a possible exit point at $0.378. That’s a week’s low and a possible exit point from a short position.

However, if XRP pushes back above the day’s high of $0.429, it would be best to go long with a target of $0.434 on the 100-day MA. That’s the next key resistance level for XRP in the day and a possible exit point from a short-term long position. It could also mark the beginning of a minor bull rally going into next week.

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