Bitcoin (BTC)

Bitcoin (BTC) has been trading sideways for the past 24-hours, after hitting a high of $4218.8. In the past 6-hours, it has pushed up, but the day’s high of $4218.8 seems to be acting as a key resistance point. However, buying volumes are high, an indicator that bulls may be in control of the market. To go long on Bitcoin (BTC), it would make sense to wait for a break above the day’s high of $4218.8. This would be a trigger to go long with a target of $5154, which is the next key resistance level for Bitcoin (BTC) on the 12-hour 200-day MA.

On the other hand, if Bitcoin (BTC) fails to break above the day’s high of $4218.8, it would be an indicator of declining bullish sentiment. To go short on Bitcoin (BTC), it would be best to wait for a drop below the day’s low of $4044.9. This would be an indicator that bears are in control of the market, and a signal to sell. A short position at this price level would have a good exit point at $3975.3. This is a key support level for Bitcoin (BTC) on the 200-day MA.

IOTA (MIOTA)

IOTA (MIOTA) has been quite volatile in the last 24-hours. In this period, it has dropped from a high of $0.384 to a low of $0.362 before pushing back to the day’s high. This has seen it form a double bottom, an indicator that bears could be regaining control. To go short on IOTA (MIOTA), it would be best to wait for a break below the 21-day MA at $0.371. This would see IOTA (MIOTA) possibly drop to the day’s low of $0.362, which could act as support in the day. If it breaks this support level, then it could possibly drop to $0.337. This is a key support level for IOTA (MIOTA) on the 3-hour 200-day MA.

However, if IOTA (MIOTA) gains bullish momentum and pushes above the 24-hour high of $0.386, it would be a trigger to go long with a target of $0.395. This is a 48-hour high and a possible exit point from a 24-hour long position.

Ethereum Classic (ETC)

After news of a 51% attack on ETC hit the market, this crypto has been bearish for the better part of the last 24-hours. In this period, it has dropped from a high of $5.48, breached the 200-day MA at $5.31 and tested a low of $4.90. In the last 12-hours, it has pulled back a little but failed to break above the 200-day MA at $5.31, an indicator that bearish sentiment is still strong. To go short on Ethereum Classic (ETC), it would be best to wait for a break below the day’s low of $4.90. This would be a trigger to go short with a target of $3.66. This is a 3 weeks low and a possible support level for Ethereum Classic (ETC).

On the flip side, if Ethereum Classic (ETC) gains bullish sentiment and pushes above the day’s high of $5.31, it would be a trigger to go long. A long position at this level would have a good exit point at $5.47, which is a 48-hour high.

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