Bitcoin, Ethereum, IOTA

Bitcoin (BTC)

For the past 24-hours, Bitcoin (BTC) has been trading in a range, with the 200-day MA offering key resistance at $3655.4. This is an indicator that bearish sentiment is still prevalent, but volumes are low. To trade in Bitcoin (BTC), is would be best to wait for a break above the 200-day MA at $3655.4 on the upper side, and $3593.1 on the lower side. In the event that Bitcoin (BTC) drops below $3593.1, and extends below 48-hour support at $3563.1, it would be a trigger to go short with a target of $3459. This is a 48-hour low, and a possible exit point from a 24-hour short position. If it breaks below this level, then it could possibly drop to $3295.2. 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 $3655.4, it would be an indicator of increased bullish sentiment. This could also be a trigger to go long with a target of $3769.1. This is a 5-day resistance level for Bitcoin (BTC). If it pushes above this level, then Bitcoin (BTC) could push to $4706.2. This is a key resistance level for Bitcoin (BTC) on the 12-hour 200-day MA.

Ethereum (ETH)

Ethereum (ETH) has been trading sideways for the past 5-days. In the last 24-hours, it has been trading in a range between $119.33 and $117.11 with key resistance at $121.24 on the 200-day MA. To trade in Ethereum (ETH), it would be best to wait for a break outside of this range, either to the upside or to the downside. If it breaks out to the downside and extends below the 4-day low of $112.09, it would be an indicator of increased bearish sentiment. This would be a trigger to go short with a target of $85.02. This is a key support level for Ethereum (ETH) on the 12-hour chart.

However, in the event that Ethereum (ETH) breaks out to the upside and pushes above the 1-hour 200-day MA at $121.24, it would be a signal of increased bullish sentiment. This would be a trigger to go long with a target of $160.0, which is a key support level for Ethereum (ETH) on the 12-hour chart.

IOTA (MIOTA)

After a steep decline in the last 48-hours ago, IOTA (MIOTA) has been trading sideways for the past 24-hours. To trade in IOTA (MIOTA) it would be best to wait for a clear breakout. In the event that IOTA (MIOTA) breaks out to the upside and pushes above the 200-day MA at $0.306, and extends above the 3-day high of $0.314, it would be a trigger to go long with a target of $0.334. This is a key resistance level for IOTA (MIOTA) on the 3-hour 200-day MA.

On the flip side, if IOTA (MIOTA) loses momentum and pushes below the 72-hour low of $0.289, it would be an indicator of increased bearish sentiment. This would be a trigger to go short with a target of $0.213. This is a key support level for IOTA (MIOTA) on the 12-hour chart.

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