Bitcoin (BTC), XRP (XRP) & Ethereum (ETH)

XRP (XRP)

XRP (XRP) has been on the rise for the past 48-hours. However, in the last 12-hours, it has hit resistance at $0.350, and has made a slight retracement from this level. It is an indicator that XRP (XRP) could be headed lower. To go short on XRP (XRP), it would make same to wait for a break below $0.331. This is the day’s low and a possible support level. Therefore, if the price breaches this price level, it could possibly test $0.306 in the day. This is a key support level for XRP (XRP) on the 200-day MA, and a possible exit point for XRP in the next 24-hours. If it breaks below this level, then it could possibly test $0.292 in the day. This is the next key support level for XRP (XRP) in the next 24-hours.

However, in the scenario that XRP (XRP) breaks below the 24-hour high of $0.353, it would be an indicator that bulls are still in control. This could possibly see it rise to $0.379. This is a 5-day high for XRP and a possible exit point from a short-term long position. A break above this could see it possibly rise to $0.40, which is the next key resistance level for XRP in the short-term.

IOTA (MIOTA)

IOTA (MIOTA) has been on a sustained uptrend for the past 48-hours. In this period, IOTA (MIOTA) has pushed through the 200-day MA at $0.259. This is an indicator that bullish sentiment is strong in IOTA (MIOTA). To go long in IOTA (MIOTA), it would be best to wait for it hold above the 200-day MA for the next 6-12 hours.  This would be an indicator that bulls are back in control. A long position at this level would see IOTA (MIOTA) test $0.30. This is a 5-day high, and a possible exit point from a short-term long position.

However, if IOTA (MIOTA) drops below the 200-day MA at $0.259, it would be an indicator that bears are back in the market. This would be a trigger to go short with a target $0.231. This is a key support level for IOTA (MIOTA) on the 100-day MA.

Ethereum Classic (ETC)

Ethereum Classic (ETC), like the rest of the market, has been on an uptrend. However, its uptrend has been relatively weak as compared to the rest of the market. At the moment, it has hit resistance at the 200-day MA at $4.30. To trade in Ethereum Classic (ETC), it would make sense to wait for a break outside of this level. If it pushes above $4.30 and sustains, it would make sense to go long with a target of $5.39. This is a 5-day high, and a possible exit point from a short-term long position.

On the other hand, if Ethereum Classic (ETC) fails to push above this level, it would be an indicator that Ethereum Classic (ETC) could drop to $3.85. This is a major support level for Ethereum Classic (ETC) on the 100-day MA. A break below this level could possibly see it drop to $3.68, which is the next key support level in the short-term.

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