IOTA (MIOTA), Ethereum Classic (ETC) & NEO (NEO) price analysis 13th Sep $NEO

IOTA, IOTA MIOTA, Ethereum Classic, ETC, NEO (NEO)

IOTA (MIOTA)

IOTA (MIOTA) is one of the better crypto performers in the last 24 hours. While it has dropped just like the rest of the market, its intra-day losses are lower than most other cryptos and has held strong above $0.52.  In the day, it has hit a low of $0.50 in the day before a rebound back above $0.52. However, this price rebound is weak, since it is still way below the day’s opening price of $0.55. That’s an indicator that IOTA (MIOTA) could break lower. Besides, it has hit a ceiling on the 21-day moving average at $0.53 in the last 4 hours.

For an investor looking to trade in IOTA (MIOTA) in the next 24 hours, it is best to watch out for $0.53 and $0.513. If IOTA (MIOTA) breaks below $0.513, chances are that IOTA could be headed lower, with a target of $0.391. It’s the next key support level in the long-term charts. On the other hand, if IOTA (MIOTA) breaks above $0.53, its price could head higher and test $0.546. That’s the next key resistance level in the day.

Ethereum Classic (ETC)

Ethereum Classic (ETC) has been one of the most volatile cryptos today. It started the day at $11.32 before a drastic drop pushed it to a low of $9.81. However, it has since rebound and is now trading in a range between $10.52 and $10.32. For a trader looking into Ethereum Classic (ETC), it is best to watch for a break outside of this range. If the price breaks $10.32 and retests the day’s low of $9.81, then it would be best to go short with a target of $7.83. That’s a near-term support level on the 55-day moving average on the weekly chart.

On the other hand, if the price breaks out above $10.52 and pushes above the day’s opening price of $11.32, it would be best to go long with a target of $11.72. That’s the next key resistance level on the 1-hour chart, one that could offer a significant level of resistance in the day. However, given the heavy bearish sentiment in the market at the moment, a short position offers the best risk/reward ratio for a short-term trade in Ethereum Classic (ETC). There just aren’t enough buying volumes in the market to sustain such a huge jump in price.

NEO (NEO)

Like the rest of the market, NEO (NEO) is deep in bear territory, and hit a low of $16.41 in the day. But it has recovered most of its losses, and is now trading along the 21-day moving average at $17.06. This is an indicator that renewed selling could be underway. If $17.06 doesn’t hold for the next 6 -12 hours, NEO could drop to $15, which is the support level in the day.

However, if there is renewed selling buying pressure in NEO (NEO) and the price rises above $17.06, chances are that it could rise to $17.73, which is the next resistance level in the day.

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