Bitcoin (BTC)

Bitcoin (BTC) has been trading sideways for the past 24-hours. In this period, it has risen from a low of $3846.7 to a high of $4015.5. It then lost momentum and has dropped to a low of $3900. This drop has seen it break the 200-day MA support level at $3943.6. This is an indicator that even in this largely undefined market, bearish sentiment is strong. To go short on Bitcoin (BTC), it would be best to wait for a break below the 24-hour low of $3846.7. This would be confirmation that bears are in control of the market. Such a position would have a good exit point at $3814.1. This is a key support level for Bitcoin (BTC) on the 3-hour 200-day MA. If it breaks below this price level, then chances are that, Bitcoin could test $3790.2 in the next 24-hours. This is a key support level for Bitcoin on the 12-hour 55-day MA.

However, in the scenario that Bitcoin makes a pullback and pushes above the 24-hour high of $4015.5, it would be an indicator of increased bullish sentiment. This would be a trigger to go long with a target of $5240. This is the next key resistance point for Bitcoin (BTC) on the 12-hour 200-day MA.

IOTA (MIOTA)

IOTA (MIOTA) has been largely bearish in the past 24-hours. In this period, it has dropped from a high of $0.397 to a low of $0.369. Currently, it is trading around the 200-day MA at $0.374 with the 55-day MA offering resistance at $0.385. This is an indicator that a breakout in IOTA (MIOTA) is imminent. To go long on IOTA (MIOTA), it would be best to wait for a breakout above the 55-day MA and an extension of those gains above the 24-hour high of $0.397. This would be confirmation that bulls are in control, and a signal to go long. A long position at this price level would have a good exit point at $0.60. That’s a key resistance point for IOTA (MIOTA) on the 1-day chart 200-day MA.

However, in the scenario that IOTA (MIOTA) breaks out to the downside, and pushes below the 200-day MA at $0.374, it would be an indicator that bears are in control. This would be a trigger to go short with a target of $0.362. That’s a key support level for IOTA (MIOTA) on the 3-hour 100-day MA. If it breaks below this level, then it could possibly test $0.320 on the 3-hour 200-day MA.

Zcash (ZEC)

Zcash has been relatively bullish in the past 24-hours. However, in the past 6-hours, it has lost that momentum and has broken the 200-day MA support level at $60.74, and extended losses to below $59. This is an indicator that bears are taking control of the market. To go short on Zcash (ZEC), it would be best to wait for a break below the day’s low of $57.95. This would be confirmation that bears are in control. It would also be a trigger to go short with a target of $49.29. This is 3-weeks low and a possible support level for Zcash (ZEC) in the short-term.

However, in the scenario that it regains bullish momentum, and pushes above the 24-hour high of $62.10, it would be an indicator that bulls are back in control. This would be a trigger to go long with a target of $64.49. This is a 5-day high, and a possible reversal point for Zcash in the next 24-hours.

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