Bitcoin, IOTA, XRP

Bitcoin (BTC)

In the past 48-hours, Bitcoin (BTC) has experienced a bullish reversal that has pushed it above the 200-day MA resistance at $3991. It has been trading along this level for the past 24-hours, an indicator that bulls could be gaining strength. To go long on Bitcoin (BTC), it would be best to wait for a break above the day’s high of $4098. This would be confirmation of bullish sentiment, and a trigger to go long.  A long position around this price level would have a possible exit point at $4327. That’s a key resistance level for Bitcoin on the 6-hour 200-day MA.

 

However, in the scenario that Bitcoin (BTC) breaks below the 200-day MA at $3991, it would be an indicator of increased bearish sentiment. This would be a trigger to go short on BTC. A short position around the $3940 level would have a good exit point at $3706. That’s the price level where it has been ranging in the past 48-hours, and could offer some level of support for Bitcoin (BTC) in the day.

IOTA (MIOTA)

Like most major cryptos, IOTA (MIOTA) has seen a major bullish reversal in the past 48-hours. In this period, it has pushed up from a low of $0.316 to a high of $0.375.  This bullish rally has seen it blow past the 200-day resistance at $0.349, before consolidating between $0.363 and $0.372. To go long on IOTA (MIOTA), it would be best to wait for a break above the day’s high at $0.375. This would be confirmation that bulls are still in control. A long position at this price level would have a possible exit point at $0.423. This is a key resistance level for IOTA (MIOTA) on the 12-hour 200-day MA.

However, in the scenario that IOTA (MIOTA) loses bullish momentum and breaks below the day’s lower range at $0.363, it would be an indicator that bears are back in control. This would be confirmed with a break below the 200-day MA at $0.349.  A short position at this level would have a good exit point at $0.280. This is a key support level for IOTA (MIOTA) on the 3-hour 200-day MA.

XRP (XRP)

The latest bullish pump has pushed XRP (XRP) from a low of $0.338 to a high of $0.399. In the past 24-hours, it has been consolidating along the 200-day MA, trading in a range between $0.390 and $0.382. To trade in XRP, it would be best to wait for a clear break outside of this range. If it pushes upwards, above the day’s high of $0.399, it would be an indicator that bulls are in control. This would be a trigger to go long with a target of $0.440. This is a key resistance level for XRP on the 12-hour 200-day MA.

On the flipside, if XRP (XRP) drops below $0.382 and extends below the 55-day MA at $0.370, it would be an indicator of increased bearish sentiment. This would be a signal to go short, with a target of $0.341. This is a key support level for XRP (XRP) on the 3-hour 200-day MA, and a possible exit from a 24-hour short position.

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