Cardano, ADA

XRP (XRP)

XRP (XRP) has been trading in a range for the past 48-hours. It has been trading between $0.297 and $0.293. To go long on XRP (XRP), it would be best to wait for a clear break above $0.297 and a push above the 1-hour 200-day MA at $0.307, it would be a signal to go long with a target of $0.345. This is a key resistance level for XRP (XRP) on the 6-hour 200-day MA. A break above this could mark the beginning of a short-term bull rally for XRP (XRP) with a possible target of $0.399. This is the next major resistance point for XRP (XRP).

However, in the scenario that XRP (XRP) breaks below $0.293, it would an indicator of increased bearish sentiment. This would be a signal to go short with a target of $0.227. This is a major support level for XRP (XRP) on the weekly chart. It could also mark XRP (XRP)’s bottom, and a possible exit point for XRP in the short-term. A break below this could see XRP (XRP) test the next long-term support level on the weekly chart at $0.16.  This could possibly be followed by a period of consolidation before the next bullish breakout for XRP (XRP).

IOTA (MIOTA)

IOTA (MIOTA) has been on a slow uptrend for the last 48-hours. In this period, it has pushed up from a low of $0.240 to a high of $0.261. However, it has since retraced and is now trading below the 1-hour 200-day MA at $0.257, which is now resistance, with selling volumes rising. This could be a signal that bears could be in control for the next 24-hours. To go short on IOTA (MIOTA), it would be best to wait for a break below the 1-hour 55-day MA at $0.250. This would be a signal to go short on IOTA (MIOTA) with a target of $0.242. This is a key support level for IOTA (MIOTA) and a possible exit point from a short-term sell position.

On the flipside, if IOTA (MIOTA) pushes above the 1-hour 200-day MA and extends above the 24-hour high of $0.262, it would be a signal to go short with a target of $0.319. This is the next key resistance level for IOTA (MIOTA) on the 6-hour 200-day MA, and a possible exit point from a short-term long position.

Tron (TRX)

Tron (TRX) has been trading in a range for the past 48-hours with very low volumes. This means that once volumes return, it could break out in any direction. To go long on Tron (TRX), it would be best to wait for a break above the upper range of $0.0264 and past the 1-hour 200-day MA at $0.0265. This would be a signal to go long on Tron (TRX) with a target of $0.0274. This is a key resistance level for Tron (TRX) and a possible exit point in the day.

However, in the event that Tron (TRX) drops below the lower range at $0.0258, it would be a signal to go short with a target of $0.0241. This is a key support level for Tron (TRX) on the 6-hour 200-day MA, and a possible exit point in the day.

 

 

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