Bitcoin, XRP, IOTA

Bitcoin (BTC)

After a largely bearish day, Bitcoin (BTC) has broken out to the upside. In the last one hour, Bitcoin (BTC) has pushed up above the 100-day MA at $3691.2. However, this is not yet confirmation of bullish sentiment. To go long on Bitcoin (BTC), it would be best to wait for a break above the 200-day MA at $3891.6. This would be an indicator of bullish sentiment, and would be a signal to go long on Bitcoin (BTC). A long position at this price level would have a good exit point at $4997. This is a key resistance level for Bitcoin (BTC) on the 12-hour 200-day MA. A break above this could mark the beginning of a bull rally that could last a few weeks.

On the other hand, if this momentum subsides and Bitcoin (BTC) drops below the day’s low of $3570.3, it would mark a continuation of the bear run. This would also be a trigger to go short with a target of $3239.7. This is a key support level for Bitcoin (BTC) on the 6-hour chart, and a possible long-term reversal point for Bitcoin (BTC), considering that it’s also a long-term support level on the weekly 200-day MA.

XRP (XRP)

In the past 3-hours, XRP (XRP) has broken out to the upside. In this period, it has seen its value rise to a high of $0.347. However, this rise has failed to push it above the day’s 200-day MA resistance at $0.353. This is an indicator that this could be a false breakout. Nonetheless, if this rally holds and pushes XRP above $0.353, it would be an indicator of increased bullish sentiment. This would be a trigger to go long with a target of $0.409. This is a key resistance level for XRP (XRP) on the 12-hour 200-day MA.

However, if XRP (XRP) drops below the day’s low of $0.317, it would be an indicator of increased bearish sentiment and possible bearish continuation. This would be a trigger to go short on XRP with a target of $0.290. This is a key support level for XRP (XRP) on the 12-hour chart. It could also be the level where XRP possibly bottoms out.

IOTA (MIOTA)

IOTA (MIOTA) has been on an uptrend for the past 6-hours. This rise has seen it push above the 100-day MA at $0.30, an indicator that bullish sentiment is on the rise.  This means that its current value makes for a good long entry position. Such a position would have a good exit point at $0.340 on the 200-day MA.

However, if IOTA (MIOTA) drops below the day’s low of $0.271, it would be an indicator of bearish continuation. Such a position would have a good exit point at $0.215. This is a key support level for IOTA (MIOTA) on the 12-hour chart, and a possible long-term support level for IOTA (MIOTA). It is also likely to be a long term support level for IOTA (MIOTA).  As such, if IOTA (MIOTA) hits it, chances are that it could trade in a range or break out in a more long-term uptrend.

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