Bitcoin, XRP, IOTA

Bitcoin (BTC)

Bitcoin (BTC) has been trading in a range for the past 24-hours. In this period, Bitcoin (BTC) has been trading along the 200-day MA at $3665. But, the fact that it has failed to break above it means that there is no bullish momentum in the market. This means that there is a higher likelihood of Bitcoin (BTC) pushing to the downside. In the event that Bitcoin (BTC) breaks out downwards and pushes below $3564.3, it would be an indicator of increased bearish sentiment. This would be a trigger to go short with a target of $3462.4. This is a 48-hour low, and a possible exit point from a 24-hour short position. If it breaks below this level, then the next target for Bitcoin (BTC) would be at $3245.3. This is a key support level for Bitcoin (BTC) on the weekly 200-day MA.

However, in the event that Bitcoin (BTC) pushes above the 1-hour 200-day MA at $3665 and extends above the 72-hour resistance of $3768.0, it would be a trigger to go long with a target of $4746.0. This is a key resistance level for Bitcoin (BTC) on the 12-hour 200-day MA. A break above this could see Bitcoin (BTC) possibly rise above $5000.

XRP (XRP)

XRP (XRP) has been ranging for the past 24-hours, between $0.324 and $0.321. However, it has failed to break above the 100-day MA at $0.325, which means that bears are stronger.  To go short on XRP (XRP), it would be best to wait for a break below the 24-hour support of $0.318. This would have a good exit point at $0.310. This is a 48-hour low, and a possible exit point for a 24-hour short position. If it breaks below this level, it could possibly drop to $0.260. This is a key support level for XRP (XRP) on the weekly chart.

However, in the event that XRP (XRP) gains bullish momentum and pushes above the 200-day MA at $0.328, it would be an indicator that bulls are back in control. This would be a trigger to go long with a target of $0.40. This is a key resistance level for XRP (XRP) on the 12-hour 200-day MA, and a possible reversal point from a short-term short position.

IOTA (MIOTA)

IOTA (MIOTA) has been bearish for the past 24-hours. In this period, IOTA (MIOTA) has dropped from a high of $0.315 to a low of $0.293. This drop has seen IOTA (MIOTA) break key support at $0.297. This is an indicator of strong bullish sentiment, and a trigger to go short with a target of $0.216. This is a key support level for IOTA (MIOTA) on the 12-hour chart.

However, in the event that IOTA (MIOTA) gains bullish momentum and pushes above the 48-hour high of $0.314, it would be a trigger to go long on IOTA (MIOTA) with a target of $0.338. This is a key resistance level for IOTA (MIOTA) on the 12-hour 100-day MA.  If it breaks above this level, then $0.40 would be the next target for IOTA (MIOTA), and the beginning of a short-term bull rally for IOTA (MIOTA) and possibly for most cryptos.

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