IOTA, Ethereum Classic, XRP

IOTA (MIOTA)

IOTA (MIOTA) has rebound after a week of mixed fortunes. After trading in the $0.284 range for the past 24-hours, it has broken out to the upside, to test a high of $0.302. This upside break has seen it push above two key resistance levels, that is, the 200-day MA at $0.292 and the 55-day MA at $0.295. This is an indicator that bullish sentiment is on the rise. In the past 4-hours, it has entered into a range between $0.297 and $0.301. To go long on IOTA (MIOTA) it would be best to wait for a break above this range. This would be confirmation of bullish sentiment, making it a low-risk long position on this crypto. A long position on this price range would have a good exit point at $0.316. This is the highest point it has hit in the last 72-hours and a possible exit point from a long position.

However, in the scenario that IOTA (MIOTA) reverses and drops below the 200-day MA at $0.294, it would be best to go short with a target of $0.282. That’s a price level it has ranged at in the last 24-hours and a possible exit point from a short position.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been trending upwards for the past 24-hours. In this period, it has shot up from a low of $4.46 to a high of $5. This rally has seen it push through a key resistance point at $4.82. This is an indicator that bullish sentiment is strong.  To make a low risk buy position in Ethereum Classic (ETC), it would be best to wait for a break above the 48-hour high of $5.05.  A long position at this price level would have a good exit point at $6.99. That’s a key exit point on the 3-hour 200-day MA.

However, if Ethereum Classic (ETC) fails to break above $5.05 and it reverses, it would be best to wait for a retracement below the 200-day MA at $4.82. This would be an indicator that bears are back in the market. This would be a signal to go short with a target of $4.46. This is a price level at which, Ethereum Classic (ETC) has reversed at in the last 72-hours and a possible exit from a short position.

XRP (XRP)

XRP (XRP) like the entire market has seen a surge in price in the last 12-hours. In this period, it has pushed above the 200-day MA at $0.378, an indicator that bulls are in control. To go long on XRP (XRP), it would be best to wait for a break above the 48-hour high of $0.385 as confirmation. A long position at this level would have a good exit point at $0.407. That’s a 4-day high and a possible reversal point for XRP in the next 24-hours.

However, if XRP (XRP) drops below the 55-day MA support at $0.372, it would be best to go short with a target of $0.354. That’s a 48-hour low and a possible exit point from a 24-hour short position. If this price holds, it could lead to a reversal back to over $0.40.

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