Bitcoin (BTC)

Bitcoin (BTC) was ranging for the better part of the weekend. However, it turned bearish in late Sunday trading to hit a low of $3563.7. In the last 12-hours, Bitcoin has edged higher, but volumes are extremely low, and it has failed to push above the last bearish candle at $3690. This goes to show that bearish momentum is strong. To go short on Bitcoin (BTC), the day’s low of $3567 would be a good entry point. Such a position would have a good exit point at $3252. This is a month’s low and possible long-term support for Bitcoin (BTC).

On the other hand, if bullish momentum hits the market and pushes Bitcoin above the 4-day high at $3779.3, it would be an indicator of a possibly slow but bullish day. It would be a trigger to go long with a target of $3905.2. This is a key resistance level for Bitcoin (BTC) on the 200-day MA. If Bitcoin (BTC) pushes above this level, then $4100 could be the next key resistance level in the day. This is a 5-day resistance level, and a possible exit point from a short-term long position.

XRP (XRP)

Like Bitcoin (BTC), XRP (XRP) has been rising slowly for the past 12-hours. However, this has failed to push it above the last bearish candle at $0.335. This is an indicator that bear power is still strong in the market. To go short on XRP (XRP), it would be best to wait for a break below the day’s low of $0.317. This would be a signal of full bear control of the market intra-day. A short position at this level would have a good exit point at $0.291. This is a monthly support level for XRP, and could be hit in the day.

However, in the scenario that XRP sustains bullish momentum and pushes above the 4-day high of $0.344, it would a signal that bulls are slowly getting into the market. This would have a good exit point of $0.355. This is a key resistance level for XRP on the 200-day MA.

IOTA (MIOTA)

IOTA (MIOTA) has been bearish for the past 24-hours. In the last 12-hours, IOTA (MIOTA) has dropped from $0.312 to a low of $0.272. It has made a slight pullback in the last 4-hours, but this has failed to push it above the last bearish candle at $0.312. This is an indicator that bears are still in control of the market. To go short on IOTA (MIOTA), it would be best to wait for it to break the day’s low of $0.272. This would be a signal to go short with a target of $0.211. That’s a one month’s low, and a possible key support level for IOTA (MIOTA) in the day.

However, in the event that IOTA (MIOTA) gains bullish momentum and pushes above the 4-day high of $0.324, it would be a trigger to go long with a target of $0.345. This is a key resistance point for IOTA (MIOTA) on the 200-day MA. If it breaks this level, it could possibly test $0.379 in the day. This is a 5-day high and a possible exit point for IOTA (MIOTA) in the day.

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