After trading sideways for 48-hours, Bitcoin (BTC) broke out to the upside 15-hours ago, to test a high of $3749.9. However, this breakout was short-lived, and Bitcoin (BTC) is back below the 200-day MA at $3646.1. This is an indicator that the breakout was possibly a false one. In such a case, it would be a signal that a downside break could be imminent. To go short on Bitcoin (BTC), it would be best to wait for a break below the 48-hour low of $3578.4. This would be an indicator of increased bearish sentiment, and a trigger to go short with a target of $3460.0. This is a 6-day low and a possible exit point from a short-term sell position.
On the flipside, if Bitcoin (BTC) gains momentum and pushes above the 24-hour high of $3749.9, it would be an indicator of increased bullish sentiment. This would be a trigger to go long on Bitcoin (BTC). A long position at this level would have a good exit point at $3789.3. This is a key resistance level for Bitcoin (BTC) on the 3-hour 200-day MA. A break above this could see it possibly rise to $4638.2. This is a key resistance point for Bitcoin (BTC) on the 12-hour 200-day MA.
Tron (TRX) seems to be the only major crypto that is on a sustained uptrend. In the last 24-hours, Tron (TRX) has made some gains from a low of $0.0265 to a high of $0.029. In the last 5-hours, Tron (TRX) has corrected a little, but momentum is still upwards. Buying volumes are high too, an indicator that bulls are in control. To go long on Tron (TRX), it would be best to wait for a break above the day’s high of $0.0296. This would be a confirmation of bullish sentiment, and a signal to go long on Tron (TRX) with a target of $0.0358. This is a 2-weeks high, and a possible resistance level for Tron (TRX) in the day.
On the other hand, if Tron (TRX) fails to pushabove the 24-hour high of $0.0296, and drops below the $0.0265 support, it would be a signal to go short on Tron (TRX). Such a position would have a good exit point at $0.0261. This is a key support level for Tron on the 1-hour 200-day MA.
XRP (XRP) has had mixed signals in the last 24-hours. In this period, it has risen to a high of $0.325 before dropping to its current low of $0.318. This is an indicator that bears could still be in control. To go short on XRP (XRP), it would be best to wait for a break below the 48-hour low of $0.315. This would be confirmation to go short, with a target of $0.291. This is a key support level for XRP on the 12-hour chart.
On the other hand, if XRP (XRP) gains bullish momentum and pushes above the 24-hour high of $0.325, it would be a trigger to go long, with a target of $0.354. This is a key resistance level for XRP (XRP) on the 6-hour 200-day MA.