After yesterday's rise, the market seems to have eased. The IOTA (MIOTA) is now trading at a key resistance level on the 200-day MA. This means that the market could swing in any direction from this point. In the scenario where the IOTA (MIOTA) holds over the 200-day MA and extends beyond the day's maximum of $ 0.316, it would be a signal for the continuation of the uptrend started 48 hours ago. This would be a signal to go long with a goal of $ 0.322. This is a price level that has changed over the last two weeks and could be a possible exit point from a long-term short position. If he pushes above this level, he could test $ 0.40. This is the next key resistance point for IOTA (MIOTA) on the 12-hour chart.
On the flip side, if IOTA (MIOTA) falls below the 200 day MA at $ 0.298 and extends below the day minimum of $ 0.290, it would be best to go short with a $ 0.284 target on the 100 day MA. This decline could see it fall to $ 0.273. This is a price level at which, in the last 4 days, the IOTA (MIOTA) operated and could act as a price plan during the day.
After yesterday's price rose, Ethereum (ETH) seems to consolidate around the 200 day resistance at $ 120.87. This means that in the short term, this crypt could swing in any direction depending on how the market will go in the next 24 hours. In the scenario where Ethereum (ETH) rises above the 200 day MA at $ 120.87 and extends beyond the daily maximum of $ 125.18, then it may be an indicator to go long with a goal of $ 127.96. This is a maximum of 48 hours and a possible exit point from a long intra-day position. If he pushes above this level, he could test $ 178.04. This is the next key resistance level on the 12-hour chart.
However, in the scenario where Ethereum (ETH) breaks below the 200 day MA at $ 120.87 and extends below the daily minimum of $ 116.73, it would make sense to go short with a $ 105 target. 85. This is a 48-hour reversal point and a possible exit point from a short-term short position.
Litecoin (LTC) is one of the few cryptos in a clear uptrend. In the last 24 hours, he has made a sharp break above the 200-day MA resistance point and appears to be headed higher. His bullish sentiment is confirmed by the fact that he formed a double fund at $ 33.88 and seems to have rebounded. To go long on Litecoin, it is best that you break to exceed the 24 hour high of $ 35.98. This would confirm that the trend is towards the top. A long position at this level would have a good exit point at $ 42.75. This is a key resistance level in the MA of 6 days out of 6 hours.
On the downside, if Litecoin (LTC) loses momentum and pushes under the day minimum of $ 33.44, it would make sense to go short with a goal of $ 32.37. This is a key support level on the 200 day MA and a possible reversal point in the day.