XRP, IOTA, Ethereum Classic

XRP (XRP)

XRP (XRP) has been volatile for the past 24-hours. In this period, it has pushed from a low of $0.285 to a high of $0.304, then dropped back to $0.293. This is an indicator that the market is looking for direction. However, there is a possibility that bears are still in control. That’s because the pump that pushed the price to $0.304 failed to push it above the 200-day MA at $0.304 and from that point on, it has been going lower. To go short on XRP (XRP), it would make sense to wait for a break below $0.293 on the 55-day MA. This would possibly see XRP (XRP) test $0.285. This is the day’s low and a possible exit point from a short-term short position.

On the other hand, if XRP makes a break above the 200-day MA at $0.304, it would be an indicator that bulls are in control.  This would be a trigger to go long with a possible exit point of $0.315. This is a 5-day high and a possible exit point from a short-term long position.  A break above this could see it possibly rise to $0.36, which is the next key resistance point for XRP (XRP) in the short-term.

IOTA (MIOTA)

IOTA (MIOTA) has been relatively bullish in the past 24-hours. In this period, it has pushed from a low of $0.207 to a high of $0.237.  In this period, it has pushed above the 200-day MA, an indicator that bulls are in control of the market. To make a long entry in IOTA (MIOTA), it would make sense to wait for a break above the day’s high of $0.237. This would be a confirmation of bullish sentiment. A long position at this price level would have a good exit point at $0.262. This a key resistance level on the 6-hour 100-day MA. A break above this could see IOTA (MIOTA) possibly test $0.302, which is the next key support resistance point on the 6-hour chart.

However, in the scenario that IOTA (MIOTA) drops below the 200-day MA, and extends below the day’s low at $0.223, it would make sense to go short with a target of $0.211. This is a key support level in the last 48-hours and a possible exit point from a short position.

Ethereum Classic (ETC)

In the past 24-hours, Ethereum Classic (ETC) has pushed from a low of $3.55 to a high of $3.88. This high also happens to be a key resistance point on the 200-day MA, and Ethereum Classic (ETC) has been trading in a range below it for the past 24-hours. This is an indicator that this resistance could hold, and ETC could drop in the next 24-hours. To go short on Ethereum Classic (ETC), it would be best to wait for a break below the lower range of $3.77. This could see it possibly drop to $3.59. This is a key support level in the day and a possible exit point from a short position.

However, in the scenario that Ethereum Classic (ETC) breaks above the 200-day MA, it would be an indicator that bulls are in control of the market. This could possibly see Ethereum Classic (ETC) rise to $4.05. That’s a 72-hour high and a possible exit point from a short-term long position.

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