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IOTA (MIOTA)
Bitcoin (BTC) fell below $ 4000 and, as always, dragged the entire market with it, including the IOTA (MIOTA). In the last 18 hours, IOTA (MIOTA) has fallen below the significant 200-day MA support level at $ 0.289, which is an indicator that bears have control of the market. In the last 3 hours, it's back to around $ 0.270. The fact that this pullback has not erased the last bearish candle is an indicator that bears are still under control. To go short on IOTA (MIOTA), it would be better to wait for a break below the day minimum of $ 0.265, as confirmed. A short position on IOTA (MIOTA) would have a good exit point at $ 0.248. This is a minimum of 2 weeks and a possible inversion point for the IOTA (MIOTA) in the next 24 hours.
However, in the event that the IOTA (MIOTA) makes a strong retreat and pushes above the 100-day MA to $ 0.295, it would be an indicator that the bulls have returned to power. This would be a signal to go long, with a goal of $ 0.316. This is a maximum of 48 hours and a possible exit point for an intra-day long position on IOTA (MIOTA). A break above that could mark the start of a short-term rally that could last for a few weeks.
XRP (XRP)
The breakdown of Bitcoin (BTC) below $ 4000 also saw the value of XRP (XRP). In the last 18 hours, XRP fell below the significant 200-day MA at $ 0.371 to test a minimum of $ 0.347. However, in the last 3 hours, it has stabilized around $ 0.351. The bulls tried a pullback at this price level and they failed. This is an indicator that bears still have control of the market. To shorten XRP (XRP), it would be better to wait for a break below the day minimum of $ 0.347 as confirmation. A short position at this price level would have a good exit point at $ 0.267. This is a key support level for XRP (XRP) in the chart of the day.
On the other hand, if XRP does a pullback over the 200-day MA at $ 0.372, it would be an indicator that the bulls are back. This would be a trigger to go long with a goal of $ 0.385. That is a maximum of 48 hours and a possible exit point from a long position.
Litecoin (LTC)
In the last 48 hours, Litecoin (LTC) rose from a maximum of $ 34.91 to a minimum of $ 30.08. During this period, Litecoin (LTC) fell under the key 200-day MA support at $ 32.48. This is an indicator that bears have full control of the market. To go short on Litecoin (LTC), it would be better to wait for a break below the day minimum of $ 30.08. This would be an indicator of increased bearish momentum. A short position at this price level would have a good exit point at $ 27.77. This is a minimum of two weeks and a possible exit point from a short-term short position.
On the flip side, if Litecoin (LTC) pushes back over the 200 day MA, it would be an indicator that bulls could return to the market. This would be a trigger to go long with a goal of $ 34.88. That is a maximum of 48 hours and a possible exit point from a long position.
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