IOTA, XRP, Stellar XLM

IOTA (MIOTA)

It’s been a good day for crypto and a majority of the coins are in the green and gaining. In the last 48-hours, IOTA (MIOTA) has pushed up from a low of $0.257 to a high of $0.310. In this period, it has pushed above the 200-day MA resistance and held above it for the last 4-hours. This is an indicator that IOTA (MIOTA) could make even more gains in the next 24-hours. In the scenario that IOTA (MIOTA) pushes above the day’s high of $0.310, it would be confirmation of a return of bullish sentiment in the market. This would be a good signal to go long with a target of $0.328. That’s a level where IOTA (MIOTA) has shown some consolidation in the last 5-days, and a possible exit point from a long position. If it pushes above this level, IOTA (MIOTA) could test $0.412. That’s the next key resistance level for IOTA (MIOTA) on the 12-hour chart.

However, in the scenario that IOTA (MIOTA) drops below the 200-day at $0.30, it would be an indicator that bears are back in control. This would be a signal to go short with a target of $0.281. That’s the first key support level for IOTA (MIOTA) on the 100-day MA.  If it breaks below this price, then it could possibly test $0.277 on the 55-day MA.

XRP (XRP)

XRP has made some major gains in the day and is up by over 10%. In the last 12-hours, XRP has pushed up from a low of $0.365 to a high of $0.399. However, this pump has failed to push it above the 200-day MA. This is an indicator that it could either make more gains in the day or reverse at this level. In the scenario that XRP (XRP) continues to rise and pushes above the 200-day MA at $0.402, it would be an indicator that bulls are in control, and therefore, ideal for a long position.  A long position on XRP at this price level would have a good exit point at $0.53. That’s a key resistance point for XRP (XRP) on the 12-hour chart.

However, in the scenario that XRP fails to hold above this price level, and drops below $0.378, it would be a trigger to go short. The first exit point for such a position would be at $0.368 on the 55-day MA. If it breaks below this level, the next target for XRP would be at $0.353. That’s a level it has ranged at in the week and a possible exit point in the day.

Stellar (XLM)

Stellar (XLM) has been on an uptrend for the past 24-hours. This has seen its value rise to a high of $0.164.  In this period, it has crossed above the 55 and 100-day MA, an indicator that bullish sentiment in Stellar (XLM) is strong in the day. To go long on Stellar (XLM), it would be best to wait for a break above the day’s high of $0.164. Such a position would have a good exist exit point on the 200-day MA at $0.173. If it pushes above his price level, it could rise to $0.188. That’s a price level it has ranged at in the week and a possible exit point from a long position.

On the flipside, if Stellar (XLM) drops below the day’s support at $0.159, it would be best to go short with a target of $0.148. That’s a key support level for Stellar (XLM) on the 55-day MA and a possible exit point from a short position.

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