IOTA (MIOTA) has had a good day. It has been in a strong uptrend that started yesterday at around $0.47. In the course of the day, it has broken above the 200-day moving average at $0.50, which is a sign of strong bullish sentiment. The next target if this momentum continues is to break above the 100-day moving average at $0.51. If it breaks above this price, IOTA (MIOTA) could test $0.54 within the day.
For intra-day traders looking to put money into IOTA (MIOTA), the key levels to watch are $0.50 and $0.51. If in the course of the day IOTA breaks above $0.51, a long trade holds the most promise with a target of $0.54. On the flipside, if it breaks below $0.50 then a short entry would be most ideal, with a target of $0.4801, which is a key intra-day support level.
Ethereum Classic (ETC)
In the day, Ethereum Classic (ETC) has established strong support at $12.08, and has formed a minor uptrend. After a sustained rise from $11.88 to $12.48, it is now in a minor retracement back to $12.31. If the upside momentum continues, Ethereum could be headed towards $13 along the 200-day moving average. For intra-day traders, the key levels to watch are $12.07 and $12.63. If the price rises above $12.63, it could be headed higher towards $13.01.
On the flipside, if it drops below $12.07, it could be an indicator that price is headed lower, with a target of $11.81, which is the next key support level in the day. However, if volumes decline and price doesn’t break outside of these price levels, then it could trade in a range all through the day, marking the beginning of weekend trading, when volumes tend to decline.
After many months of price drops, Tron now seems to be moving in tandem with the price of bitcoin (BTC). Today, bitcoin has made some slight gains after drops earlier in the day. In the hourly charts, Tron (TRX) is now trading above the 55-day moving average, an indicator that bulls have control of this market in intra-day trading. If this momentum continues, Tron (TRX) could rise to test the 200-day moving average at $0.0208. A break above that could see its price rise to $0.021, which is the first next intra-day resistance level. Tron has also established support at $0.019. If by any chance the price drops, this price level could offer resistance in the day.
For traders looking to make intra-day trades, $0.0208 and $0.0195 should be the prices to watch. If the price rises above $0.0208, it could be a signal to go long, with a target of $0.021. On the other hand, a drop below $0.0195 should be a signal to sell, with a target of $0.0184. If it doesn’t hit any of these prices, it could trade in a range at around $0.020.