IOTA has been bearish in the day. For the better part of the day, it has been trading in a range between $0.501 and $0.505 before breaking downwards to test a low of $0.494. However, it has since retraced to around $0.502. For a trader looking into IOTA (MIOTA) it would be best to wait until it either pushes above the 200-day MA at $0.507 or below the day’s low of $0.493. If IOTA (MIOTA) breaks below $0493, it would make sense to go short, with a target of $0.487. That’s a price level it has ranged at in the last 4 days, and one that could hold as support for an intra-day trade.
On the other hand, if IOTA (MIOTA) pushes above $0.507, it could mean that buyers are gaining momentum in the market. This could see the value of IOTA (MIOTA) hit $0.514. That’s a significant resistance level on the 100-day MA.
XRP (XRP) has been bearish in the day, just like the rest of the market. It started the day at $0.472 and has hit a low of $0.456. In the day, volumes have been relatively low and XRP has ranged between $0.457 and $0.465. For an investor looking to trade in XRP (XRP), it is best to wait for a break outside of this range. If it breaks outside this range to the upside, it could see the value of XRP hit a high of $0.472 on the 100-day MA. On top of that, if volumes increase and XRP pushes above $0.472, then it could possibly rise to $0.489. That’s the next major resistance level for XRP in the day.
However, if XRP breaks below $0.457, then chances are that it could drop, and possibly test a low of $0.447. That’s the next key support level on the 200-day MA. If selling pressure increases and XRP (XRP) breaks below $0.447, then there could be a high possibility that it could drop to $0.421. That’s the next major support level, a level at which XRP (XRP) has ranged at in the last 4 days, and one that offers a good exit point from an intra-day trade.
Tron has been in a low volumes environment for the last 24-hours. That’s why it has been trading in a range between $0.0245 and $0.0242. For a trade in Tron (TRX), it is best to wait for a break outside of this range. If Tron (TRX) breaks below $0.0242, it would be best to go short, with a target of $0.0233.
However, if Tron (TRX) breaks above $0.0245, it could possibly push to $0.0250 on the 100-day MA. If volumes increase, Tron could possibly rise to a high of $0.0257. That’s the last high it has hit in the last 48 hours and one that can could possibly offer a good exit point in the day. In essence, it is best to watch out for the volumes as well. If volumes remain low, a possible downside break is highly likely.