XRP (XRP) has been quite bearish in the day, and has dropped from $0.463 to a low of $0.444. In the last 7 hours, XRP has made an attempt to rebound, but has failed to break above $0.452, which is now a minor resistance point. This is an indicator that it could be headed lower in the day. However, to make low risk sell order for XRP, it would be best to wait until the price drops below the day’s low of $0.444. This would be confirmation that bears are in control, and XRP could possibly be headed to $0.426. That’s a key support level on the 6-hour chart 200-day MA.
However, if XRP (XRP) makes an upside push and rises above $0.452, it would make sense to go long, with a target of $0.468 on the 1-hour chart 200-day MA. A break above this level could see XRP push-back above $0.50 in the course of the day.
ZCash opened the day in a range between $124.59 and $123.45. It then broke out to the downside to test a low of $120.99 in the day. In the course of this drop, ZCash has pushed below the 200-day MA at $121.67. That’s an indicator that it could be headed lower. However, to make a low risk sell order in ZCash, it would make be best to wait until ZCash (ZEC) retests the 200-day MA at $121.67 one more time. If it fails to break above this price level, then ZCash be headed lower, possibly to $118.58. That’s the next major support level on the 55-day MA. If it pushes below this price, it could possibly test $114.26 in the course of the day.
However, if ZCash gains buying momentum and pushes above the 200-day MA at $121.67, and extends above $123.06, it could be more prudent to go long, with a target of $124.73 on the 100-day MA. In case it breaks above this price, ZCash (ZEC) could push to $127.90 in the day. That’s the next major resistance level, where ZCash has ranged in the recent past.
IOTA (MIOTA) has been largely bearish in the day, dropping from $0.507 to a low of $0.491. This is in-line with the bearish sentiment that has engulfed the whole market in the last 24-hours. In the last 5-hours, IOTA (MIOTA) has pushed upwards, but failed to hold above the 21-day MA minor resistance level at $0.497. That’s an indicator that bears could be in control of the market for the next 24-hours. To make a high probability trade in IOTA (MIOTA), it would be best to wait until it drops below the day’s low of $0.491. A sell position would have a possible exit point at $0.488. That’s a price level at which, IOTA (MIOTA) has lagged at on the 3-hour chart, and one that could offer a good exit point in the day.
However, if there is an upside breakout, IOTA (MIOTA) could possibly hit the 200-day MA at $0.508. But to make a buy trade in IOTA (MIOTA), it would be best to wait until it pushes above the 21-day MA at $0.497 and extends above $0.598. This would be confirmation that bulls are in control of the market.