IOTA (MIOTA) has been slightly bearish in the day. It opened the day at $0.607 and tested a low of $0.584. However, it has rebound back to $0.60, though this price level seems to be acting as a major resistance level in the day. To make a trade in IOTA in the next 24 hours, it is best to wait until it breaks outside of the day’s high of $0.607, as well as the day’s low of $0.584. These two levels are now key support and resistance levels. If IOTA (MIOTA) breaks above $0.607, it would be prudent to go long with a target of $0.622. That’s a key resistance level on the 6-hour 200-day MA. If it breaks above this level, then it could hit a high of $0.734. That’s the next key resistance point on the 12-hour chart 200-day MA.
On the other hand, if IOTA (MIOTA) drops below $0.584, then it could drop to $0.578 on the 100-day MA. A break below this level could see IOTA (MIOTA) hit $0.568 on the 200-day MA in the course of the day. However, the most likely move is a bullish one. That’s because the moving averages are aligned in a manner that suggests that it is bullish, with the most recent moving average moving upwards faster than the 100-day and the 200-day MA.
Tron (TRX) has been relatively bearish in the day. It opened the day at $0.027 and has dropped to a low of $0.0254. Confirmation of this bearish sentiment is quite evident in the fact that Tron (TRX) has broken below the 55-day MA, and has been trading below it for the last 12 hours. If in the course of the day Tron (TRX) does not push back above the 55-day MA at $0.0263, it would make sense to go short, with a target of $0.0251 on the100-day MA. A break below this price could see Tron test the 200-day MA at $0.0236. That’s the next major support level on the 200-day MA.
However, if in the course of the day Tron (TRX) breaks above the 55-day MA at $0.0263 and extends above the last high of $0.0273, it would make sense to go long, with a target of $0.0282. That’s the last high on the 6-hour chart, one that could offer a significant level of resistance in the day.
Ethereum Classic (ETC)
Like the rest of the market, Ethereum Classic (ETC) has been bearish in the day. It has been trading below the 200-day MA resistance point for the last 24-hours, and has hit a low of $10.843 in the day. However, it has rebound to a high of $10.98 though it has failed to hold. If in the next 24-hours ETC does not hold break above the 200-day MA at $11.03, it would be best to go short with a target of $10.74. That’s a key support level for ETC in the last 72-hours, one that could be a good exit point in the day.
If on the other hand, Ethereum Classic (ETC) breaks above $11.03, it would make sense to go long, with a target of $11.13. That’s the next key resistance level on the 6-hour 55-day MA. A break above this could see it test $11.69 on the 6-hour chart 200-day MA.