XRP (XRP), IOTA (MIOTA) & Zcash (ZEC)

XRP (XRP)

For the past 72-hours, XRP (XRP) has been on an uptrend. However, in the past 18-hours, it has hit resistance at $0.401, and has failed to push above it. This is an indicator that bears could still be strong in XRP in spite of the recent market rise. To go short on XRP (XRP), it would be best to wait for a break below the 21-day MA at $0.374.  This would be confirmation of bearish sentiment, and a trigger to go short with a target of $0.336. This is a key support level for XRP in the past 48-hours, and a possible reversal point in the day.

However, if in the day XRP (XRP) pushes above the day’s high of $0.406, and pushes above the 6-hour 200-day MA at $0.407, it would be an indicator that bulls are back in control. Such a position would have a good exit point of $0.528. This is a 5-day high, and a possible reversal point for XRP in the short-term. A break above this could see XRP (XRP) test $0.60 in the day. It’s a key psychological resistance point for XRP in the short-term, one that could either lead to a bearish reversal or a medium-term bullish trend.

IOTA (MIOTA)

IOTA (MIOTA) is on its 4th day of gains.  In the last 24-hours, it has pushed from $0.282 to a high of $0.346. However, from a look at the 6-hour chart, IOTA (MIOTA) has hit resistance on the 200-day MA at $0.346 and is yet to break above it. To go long on IOTA (MIOTA), it would be best to wait for a break above this level. This would see it possibly rise to $0.430. This is 5-day high and a possible exit point from a short-term long position.

On the other hand, if $0.346 fails to hold in the day, and extends below the $0.287, it would make sense to go short with a target of $0.257. This is a key support level for IOTA (MIOTA) on the 100-day MA. If it fails it hold, IOTA (MIOTA) could possibly test $0.223. This is another key support level for IOTA (MIOTA) on the 55-day MA.

Zcash (ZEC)

Zcash (ZEC) has been on the rise for the past 72-hours.  Narrowing down to the past 24-hours, Zcash (ZEC) has pushed from a low of $56.99 to a high of $65.87. To go long on Zcash (ZEC), it would be best to wait for it to hold above the 6-hour 100-day MA at $64.73. This would be an indicator that bulls are in control, and a trigger to go long with a target of $87.86. This is a key resistance point for Zcash (ZEC) on the 6-hour 200-day MA.

However, if in the day, Zcash (ZEC) drops below $62.59, it would be an indicator of short-term bearish sentiment. This would see Zcash (ZEC) possibly drop to $57.67 on the 100-day MA. This is a key support level for Zcash (ZEC) in the day, and a possible exit point in the next 24-hours. If it breaks above below this level, it could possibly drop to $54.32 on the 200-day MA.

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