Price analysis Ethereum (ETH), IOTA (MIOTA) & Stellar (XLM) – 3 January



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Ethereum, IOTA, Stellar

Ethereum (ETH)

It is another bullish day for Ethereum (ETH), after starting the new year in positive territory. In the last 48 hours, Ethereum (ETH) has pushed from a low of $ 135.77 to a maximum of $ 162.68. Purchasing volumes are also increasing. This makes a long position around $ 154.07 and $ 162.68 a low risk position. This position would have a good exit point at $ 167.31. This is a key resistance level for Ethereum (ETH) on the MA for 12 hours in 200 days. If the purchase of momentum pushes Ethereum (ETH) above this level, it is likely that it can test $ 264.32. This is a key point of resistance for Ethereum on the MA for a 200 day day.

However, in the scenario where Ethereum (ETH) fails to push above the 12-day MA at 12 hours to $ 167.31, it would be an indicator of a possible short-term correction. This would be a trigger to go short with a goal of $ 114.95. This is a key support level for Ethereum (ETH) on the 3-day MA at 200 days and a possible exit point from a short-term sales position.

IOTA (MIOTA)

Like the rest of the market, IOTA (MIOTA) has been bullish in the last 48 hours. During this time, he pushed a minimum of $ 0.356 to a maximum of $ 0.398. The purchase volumes are also high, an indicator that the level of $ 0.379 and $ 0.398 could be an ideal entry point for a long position. A long position at this price level would have a possible exit point at $ 0.413. This is a key resistance level for IOTA (MIOTA) in the 12-day 12-day MTA. If it pushes above this level, IOTA (MIOTA) could test $ 0.60 during the day. This is a key point of resistance in the 1 day chart. However, this sentiment could still be a short-term rally in a bear market.

In the scenario where IOTA (MIOTA) fails to push above the 12-day MA at 12 hours to $ 0.413 and begins to fall, it would be an indicator of a possible reversal. This would be a trigger to go short with a target of $ 0.303. This is a key support level for the IOTA (MIOTA) on the MA of 3 days to 200 days and a possible exit point from a short-term sales position.

Stellar (XLM)

Like all the main criptos, Stellar (XLM) started the new year in positive territory. In the last 48 hours, it has gone from a minimum of $ 0.112 to a maximum of $ 0.122. Purchasing volumes are also relatively high, an indicator that bullish sentiment may be on the rise. As such, a long position between $ 0.119 and $ 0.122 would be ideal in the short term. This position would have a good exit point at $ 0.147. This is a key point of resistance for Stellar (XLM) on the MA of 12 days out of 12 hours.

However, if the momentum fails and Stellar fails to push the 3-day MA to 3 hours at $ 0.122, it would be an indicator of a greater bearish sentiment. This would be a trigger to shorten with a goal of $ 0.111. This is a minimum of 7 days and a possible exit point for Stellar in the short term. If this level is valid, Stellar could consolidate around it and could act as a possible long-term support for XLM in 2019.

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