Stellar, XLM

Bitcoin (BTC)

After a massive drop 48-hours ago, Bitcoin (BTC) has been ranging for the past 24-hours. In this period, it has been trading in a range between $3564.8 and $3591.7. To trade in Bitcoin (BTC), it would be best to wait for a break outside of this range. In the event that Bitcoin (BTC) breaks out downwards and pushes below the 48-hour low of $3541.4, it would be an indicator of increased bearish sentiment in Bitcoin (BTC). This would be a signal to go short on Bitcoin (BTC).  Such a short position would have a good exit point at $3284.5. This is a key support level for Bitcoin (BTC) on the 12-hour chart. It could also mark Bitcoin’s bottom after a 52-week bear market.

However, in the event that Bitcoin gains bullish momentum and pushes above the upper range limit of $3591.7, and extends above the 100-day MA at $3675, it would be a signal to go long on Bitcoin (BTC). A long position at this price level would have a possible exit point at $3843.4. This is a key resistance level for Bitcoin (BTC) on the 200-day MA, and a possible exit point for Bitcoin in the next 24-hours.

Tron (TRX)

Tron (TRX) has been one of the strongest cryptos’ in the last 24-hours. After the market-wide dump that saw Tron (TRX) drop to $0.023, it has made a strong pullback. In the last 24-hours, Tron (TRX) has pushed to a high of $0.0257. However, this push has seen it stall at $0.0255, which is a key resistance level for Tron (TRX) in the last 72-hours.  To trade in Tron (TRX), it would be best to wait for a push above the $0.0256 resistance, or a clear reversal. In the even that Tron pushes above 0.0256 and extends above the 5-day high of $0.0267, it would be a trigger to go long on Tron (TRX). A long position at this level would have a good exit point at $0.0294. This is a key resistance point for Tron (TRX) on the 6-hour chart.

On the flip side, if Tron (TRX) reverses and pushes below the 55-day support level at $0.024, it would be a trigger to go short with a target of $0.0233. This is a 48-hour low, and a possible exit point from a 24-hour short position.

XRP (XRP)

After the huge sell off 48-hours ago, XRP (XRP) has been ranging for the last 24-hours. In this period, it has been trading between $0.323 and $0.318. To trade in XRP (XRP), it would be best to wait for a break outside of this range. In the event that it breaks out to the upside and extends above the 200-day MA at $0.33, it would be a trigger to go long on XRP with a target of $0.349. This is a key resistance level for XRP (XRP) on the 12-hour 200-day MA.

On the other hand, if XRP drops below $0.318, and extends below the day’s low of $0.315, it would be a trigger to short on XRP (XRP). Such a position would have a good exit point at $0.291. This is a key support level for XRP (XRP) on the 12-hour chart.

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