XRP, ZCash, IOTA

XRP (XRP)

After failing to break above the 200-day MA in Wednesday trading, XRP has been trading in a range for the past 24-hours. In this period, XRP (XRP) has been ranging between $0.307 and $0.317. This is an indicator that the market direction remains undefined at this point. To make any trade in XRP (XRP), it would be best to wait for a break outside of this range. To go long on XRP (XRP), it would be best to wait for a break above the 24-hour high of $0.318. This would see it possibly rise to $0.329. That’s a 4-day high and a possible exit point from a 24-hour long position.

However, in the scenario that XRP (XRP) drops below the day’s range at $0.307, it would be an indicator that bears are still in control. This would be a trigger to go short with a target of $0.298. This is 3-day low and a possible exit point from a short-term sell position. A break below this could see XRP (XRP) possibly test $0.294. This is a 5-day low and a possible key support level for XRP in the near-term. It could also possibly be a reversal point for XRP, in a more long-term bull market.

Zcash (ZEC)

Zcash (ZEC) has been heavily bearish in the past 24-hours. In this period, it has dropped from a high of $59.05 to a low of$53.36. However, in the last 10-hours, it has made a slight pull back, but it has hit resistance at $55.25 on the 55-day MA. This is an indicator that bears are still in control of ZEC. To short Zcash (ZEC), it would be best to wait for a break below the day’s low of $53.36. A short position at this level would have a good exit point at $50.01. This is the lowest point it has hit in the last 7-days and a possible point for Zcash (ZEC) in the day.

However, in the scenario that Zcash (ZEC) pushes above the 24-hour high of $58.98, it would be an indicator of increased bullish sentiment. This would be a trigger to go long with a target of $63.20. This is a 5-day high and a possible exit point from a short-term long position.

IOTA (MIOTA)

IOTA (MIOTA) has been on a downtrend for the past 24-hours. In this period, it has dropped from a high of $0.239 to a low of $0.226. However, in the last 10-hours, it has been trading in a range between $0.226 and $0.229. To trade in IOTA (MIOTA), it would be best to wait for a break outside of this range. If it breaks out to the upside and pushes above the day’s upper range of $0.229, it would be an indicator that bulls are in control. This would be a trigger to go long with a target of $0.239. That’s a 24-hour high and a possible reversal point for IOTA (MIOTA) in the short-term.

On the flipside, if it breaks out downwards below $0.226, it would be a trigger to go short with a target of $0.220. This is a 48-hour low and a possible exit point from a short-term sell position.

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