Bitcoin , XRP, Tron

Bitcoin (BTC)

Bitcoin (BTC) has been trading in a range for the last 24-hours. In this period, it has been trading between an upper range of $3737 and a lower range of $3689.3. This means that it can go in any direction at this point. If it gains bullish momentum and breaks above the day’s upper range of $3737, it would be an indicator that bulls are taking control of the market. This would be a signal to go long with a target of $3958.7. This is a key resistance point for Bitcoin (BTC) on the 200-day MA.

However, if Bitcoin breaks out to the downside, pushes below $3689.3 and extends below the day’s low of $3664.1, it would be an indicator of increased bullish sentiment. It would be a trigger to go short with a target of $3250. This is a key support level for Bitcoin (BTC) on the 6-hour chart, and a possible reversal point for Bitcoin (BTC) in the day. If Bitcoin (BTC) breaks below this level, it could see its value drop to $3000. This is a key psychological support level for Bitcoin (BTC), one that could either be the bottom, or could mark the beginning of capitulation.

XRP (XRP)

Like the rest of the market, XRP (XRP) has been trading in a range for the past 24-hours. In this period, it has been range-bound between $0.33 on the lower side and $0.340 on the upper side. To go long on XRP, it would be best to wait for a break above the day’s upper range of $0.340. This could be a signal to increased bullish sentiment, and a possible trigger to go long with a target of $0.362. This is a key resistance point for XRP (XRP) and a possible exit point in the day.

However, if XRP (XRP) breaks below the lower range limit of $0.33 and extends below the day’s low of $0.322, it would be a signal of increased bearish sentiment. This would be a signal to go short with a target of $0.290. This is a key support level for XRP on the 6-hour chart.

Tron (TRX)

After the pump that pushed it to a high of $0.035, Tron has been dumping for the past 48-hours. In the last few hours, it has broken below the 200-day MA support at $0.025 an indicator that bear power is on the rise. In essence, a short position anywhere between $0.024 and the day’s low of $0.023 would be a low-risk position for Tron (TRX) in the day. Such a position would have a good exit point of $0.021. This is a key support level for Tron (TRX) on the 3-hour 200-day MA.

However, in the scenario that Tron (TRX) pushes above the 1-hour 200-day MA at $0.025, it would be an indicator of increased bullish sentiment. This would be a trigger to go long with a target of $0.026. This is a key resistance level for Tron (TRX) on the 1-hour 100-day MA. If it breaks below this level, then Tron (TRX) could possibly drop to $0.020. This is a key support level for Tron (TRX) on the day chart’s 100-day MA.

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