Nano, VeChain, Stellar

Bitcoin (BTC)

In the past 48-hours, Bitcoin (BTC) has been on a downward spiral. In this period, it has broken key support at $3978 on the 200-day MA. This is an indicator that bearish sentiment in this market is strong at the moment.  In the last few hours, it has made a slight pullback, but has failed to clear the last major bearish candle at $3925. This further confirms that the sentiment is bearish.  To go short on Bitcoin (BTC), it would be best to wait for a break below the day’s low of $3847, as a signal to sell.  Such a position would have a good exit point at $3726 on the 3-hour 200-day MA. This is a key support level for Bitcoin and a possible exit point from a 24-hour short position.

On the other hand, if Bitcoin (BTC) makes a surprise pullback and pushes above the 200-day MA at $3978, which is now resistance, it would be an indicator of a possible bullish rally. Such a rally could see Bitcoin possibly test $4233. This is a key resistance level for Bitcoin (BTC) on the 6-hour 200-day MA.

IOTA (MIOTA)

While most cryptos have been on a downward spiral, IOTA (MIOTA) has been consolidating in the past 48 hours. This consolidation comes after a 5-day bullish rally that saw IOTA (MIOTA) test a high of $0.382. This is an indicator that bullish momentum is still strong in IOTA (MIOTA), in spite of the weakness in the overall market. To go long on IOTA (MIOTA), it would be best to wait for a break above the 48-hour high of $0.382. This would be an indicator of bullish continuation. A long position around this price level would have a good exit point at $0.416. This is a key resistance level for IOTA (MIOTA) on the 12-hour 200-day MA.

However, in case IOTA (MIOTA) fails to hold above the day’s high of $0.382 and drops below the 200-day MA at $0.353, it would be an indicator that bears have taken control of the market. This would be a trigger to go short, with a target of $0.288. This is a key support level for IOTA (MIOTA) on the 3-hour 200-day MA.

Zcash (ZEC)

Zcash (ZEC) has been heavily bearish in the past 48-hours. In this period, it has dropped from a high of $65.01 to a low of $59.06. In the last few hours, it has made a slight pullback but this has not taken it above the last bearish candle at $60.37. This is an indicator that bears are still in control. To go short on Zcash (ZEC), it would be best to wait for a break below the day’s low of $59.09. Such a position would have a good exit point at $56.50. This is a 4-day low and a possible exit point from a 24-hour short position.

On the flipside, if Zcash (ZEC) gains upside momentum and pushes above the 200-day resistance at $63.33, it would be an indicator of increased bullish sentiment. This would be a trigger to go short, with a target of $72.74. This is a key resistance point for Zcash (ZEC) on the 6-hour 200-day MA.

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