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Tron (TRX)
Tron (TRX) was relatively bullish during the day, pushing a minimum of $ 0.0195 to a maximum of $ 0.021. However, in the last 6 hours, it seems to have eased, and is now trading in a range between $ 0.0203 and $ 0.0206. But this range is above the longest green candle of the day, an indicator of the fact that Tron (TRX) still has a bullish dynamic. However, for an exchange of low-risk purchases, it would be better to wait until the Tron (TRX) does not exceed the daily interval at $ 0.0206 and extends beyond the highest daily price of $ 0.021. This would be confirmation of going long, with a goal of $ 0.0218. This is the next key resistance level on the 100-day moving average on the 6-hour chart. If it exceeds this level, it could test a maximum of $ 0.0226 on the 200-day moving average on the 6-hour chart.
However, if Tron (TRX) falls below $ 0.020 in the next few hours, it would be better to go short with a $ 0.0194 goal. This is the next level of key support on the 100-day moving average, a level at which it could change in the event of a fall in prices over the next 24 hours.
Ethereum (ETH)
Ethereum (ETH) has been trading in a range between $ 212.5 and $ 207.3 for the last 24 hours. For those looking to trade on Ethereum (ETH) with a 24-hour goal, it would be better to wait until it was interrupted outside this range. If it rises to the upside and pushes above the high of the day of $ 216, it would be better to go long, with a target of $ 224. This is the next key resistance of the day, one that could offer a significant level of resistance in the course of the day and act as a good exit point for a long intra-day trade.
The downside, if Ethereum (ETH) breaks below $ 207.3, it would be better to go short with a $ 195 target. A break below this could see you test a minimum of $ 175 on the chart at 6 hours. This is the next level of key support in the day, one that may vary in the next 12 to 24 hours. However, if volumes remain low throughout the day, the range will likely be around $ 212 – $ 207.
Stellar (XLM)
Stellar (XLM) has been traded along the 100-day moving average in the last 24 hours. However, during this period, failed to break above it, an indicator that the bullish momentum could be declining in Stellar in the short term. For an investor looking at Stellar (XLM), it is best to keep the 100-day moving average at $ 0.21. If Stellar (XLM) breaks above it and extends beyond the 200-day moving average to $ 0.218, it would be better to go long, with a target of $ 0.234. This is the next key resistance level in the day, one in which Stellar could eventually change or reverse in the short term.
However, if Stellar (XLM) fails to exceed the 100-day moving average and falls below the 55-day moving average at $ 0.200, it would be more prudent to go short, with a target of $ 0.184. This is the next level of key support in the day, one that could offer a significant level of support. However, if volumes remain low during the day, it is likely to vary around $ 0.214 and $ 0.205.
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