Home / Ethereum / Price analysis XRP (XRP), IOTA (MIOTA), Ethereum (ETH) – 29 December

Price analysis XRP (XRP), IOTA (MIOTA), Ethereum (ETH) – 29 December



XRP, IOTA, ETH

XRP (XRP)

In the last 48 hours, XRP (XRP) has had a downward spiral. It broke below the 200 day support level at $ 0.384 to reach a minimum of $ 0.338. However, in the last 12 hours, he has come back a bit, but he has not been able to test the 200-day MA again that he is now resisting. This is an indicator that bearish sentiment is still strong. To shorten XRP (XRP), it would be better to wait for a break below the day minimum of $ 0.338, as confirmation of the bearish sentiment. A short position at this price level would have a possible exit point at $ 0.341 on the MA of 6 hours and 100 days. If this support is not maintained, XRP (XRP) could test $ 0.284. This is a minimum of two weeks and a possible exit point from a short 24-hour position.

However, in the scenario where the XRP gains bullish momentum and pushes above the 200 day MA at $ 0.384, it would be an indicator of an increase in bullish sentiment. It would also be an indicator to go long with a goal of $ 0.405. This is a maximum of 72 hours and a possible exit point from a 24-hour position. A pause above could see the XRP (XRP) test of the week maximum of $ 0.466.

IOTA (MIOTA)

In the last 48 hours, IOTA (MIOTA) rose from a maximum of $ 0.347 to a minimum of $ 0.316. But, in the last 12 hours, he did a pullback to test a maximum of $ 0.342. However, this pullback failed to push it past the 200-day MA resistance at $ 0.345. This is an indicator that the bulls are not strong enough and there is a high probability of bearish continuation. To go short on IOTA (MIOTA), it would be better to wait for a break below the day minimum of $ 0.316. This could see test $ 0.206. This is a minimum of 2 weeks and a possible reversal point for the IOTA (MIOTA) on the 6 hour chart.

However, in the scenario where the IOTA (MIOTA) pushes above the 200 day MA at $ 0.345, it would be an indicator of the fact that the bulls are back in control and an opportunity to go long. A long position above the 200 day MA would have a good exit point at $ 0.354. This is a maximum of 72 hours and a possible exit point from a long position.

Ethereum (ETH)

In the last 48 hours, Ethereum (ETH) rose from a maximum of $ 136.48 to a minimum of $ 116.17. This decline has seen it break the 200-day support level at $ 125.85, an indicator that supports power is strong in this market. In the last 12 hours, Ethereum (ETH) did a pullback, but failed to push the 200-day MA to $ 1287.08. This is a signal for a possible bearish continuation. To go short on Ethereum, it would be better to wait for a break below the daily minimum of $ 116.17. This would be confirmation of the bearish sentiment and a trigger to go short, with a target of $ 83.05. This is a minimum of 2 weeks and a possible reversal point for short-term Ethereum (ETH).

However, in the scenario where Ethereum (ETH) pushes above the 200-day MA at $ 125.85 and extends beyond the 100-day MA to $ 136.85, it would be a signal to go long. A long position at this level would have a possible exit point at $ 163.48. This is a maximum of 5 days and a possible reversal point for Ethereum (ETH) during the day.

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