Tron, XRP, IOTA

Tron (TRX)

Tron (TRX) has been trading along a key support level on the 100-day MA for the past 24-hours at $0.0.243.  However, in the past 3-hours, it has broken out to the upside and pushed above the 200-day MA resistance level at $0.0253. This is an indicator that bulls could be taking control of Tron (TRX). Tron volumes have also pushed up, confirming bullish strength. As such, any price level between $0.0253 and $0.026 is ideal to go long on Tron (TRX). Such a position would have a good exit point of $0.035. This is a 7-day high and a possible exit point for Tron (TRX) in the short-term.

However, if Tron (TRX) drops below the 200-day MA at $0.0253 and extends below the 100-day MA at $0.0243, it would be an indicator of increased bearish sentiment. This would be a trigger to go short with a target of $0.021.  This is a 5-day low and a possible exit point for Tron (TRX) in the day.  If it breaks below this level, then Tron (TRX) could possibly drop to $0.020. This is a key support level for Tron on the 12-hour 200-day MA.

XRP (XRP)

XRP (XRP) has been largely bearish for the past 24-hours. In this period, it has dropped from a high of $0.341 to a low of $0.326.  However, in the past 5-hours, it has made minor gains, and has pushed above the 100-day MA resistance at $0.332. However, volumes are low, an indicator that XRP (XRP) is still weak. To go long on XRP (XRP), it would be best to wait for a break above the 200-day MA at $0.339. This is a key resistance level for XRP (XRP) and if it pushes above it, it would be an indicator of bull power. This would be a signal to go long with a target of $0.376. This is a key support level for XRP on the 12-hour chart.

However, if XRP (XRP) breaks below the day’s low of $0.326, it would be a trigger to go short with a target of $0.290. This is a key support level for XRP (XRP) on the 12-hour chart, and if it holds, then XRP (XRP) could make gains from this point onwards.

IOTA (MIOTA)

IOTA (MIOTA) has been on a downtrend for the past 24-hours. However, in the past 12-hours, IOTA (MIOTA) has been ranging along the 200-day MA at $0.307. Volumes remain low, which means a downside breakout could be more likely in the short-term. To go short on IOTA (MIOTA), it would be best to wait for a break below the day’s low of $0.271. This would be a trigger to go short with a target of $0.215. This is a one month low, and a possible exit point for IOTA (MIOTA) in the short-term.

On the other hand, if IOTA (MIOTA) gains upside momentum and pushes above the 200-day MA, and above $0.324, it would be an indicator of increased bullish sentiment. This would be a trigger to go long with a target of $0.377. This is a key resistance level for IOTA (MIOTA) on the 6-hour chart.

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