IOTA (MIOTA) has largely bearish in the last 24-hours. It has dropped from a high of $0.525 to a low of $0.494. However, in the last one hour, it has made slight gains and pushed back above $0.50. This pullback has negated two of the last bearish candles, an indicator that bulls could be back in the market. To go long on IOTA (MIOTA) it would be best to wait until it pushes above the 55-day MA at $0.507. This would be confirmation that bulls are in control. A long position at this level would have a possible exit point at $0.525. That’s the last high it has hit in the last 24-hours, and one at which, it could reverse at in the day. If it breaks above this level, it could possibly rise to $0.575. That’s the next key resistance level on the 12-hour 200-day MA.
However, if IOTA (MIOTA) breaks below its 24-hour low of $0.495, it would be best to go short with a target of $0.484. That’s the next key support level on the 200-day MA and one where IOTA (MIOTA) could reverse in the day. A break below this level could see its value drop to $0.470. That’s the next key support level for IOTA (MIOTA) in the day.
After a 3-day Bull Rally, XRP (XRP) seems to have entered a consolidation phase. It has been ranging between $0.528 and $0.545 for the better part of the day. Considering that volumes are still high, this could be a bullish consolidation pattern before a bullish breakout. To go long on XRP (XRP), it would be best to wait for a break above the upper limit of this range at $0.545. If it breaks above this range and extends above the last high point of $0.569, it would be best to go long, with a target of $0.614. This is the next key resistance level for XRP on the 12-hour chart.
However, if XRP breaks below $0.528, it would be best to go short with a target of $0.482. That’s the next key support level on the 100-day MA. A break below this could see XRP (XRP) drop to $0.465. That’s the next key support level on the 200-day MA.
Monero (XMR) has been slightly bearish in the last 24-hours. In this period, it has dropped from $114.71 to a low of $110.10. This drop has seen it push below the 100-day MA, which could be a signal that bears are in control. However, in the last 2-hours, it has made some gains and pushed above the last two bearish candles. This could be an indicator that bulls are pushing back. To go long, it would be best to wait for a break above the 55-day MA at $112.47. If it breaks above this level, it could possibly rise to the day’s high of $114.71, which could be a key resistance point.
However, if Monero fails to push above $111.46 and drops below the day’s low of $110.04, it would be a signal to go short with a target of $107.73. That’s the next key support level on the 200-day MA, and a possible reversal point for Monero (XMR).