IOTA (MIOTA), Monero (XMR) & Stellar (XLM) price analysis – 18th Dec

Fibo Quantum

IOTA (MIOTA)

It’s a good day for crypto, and IOTA (MIOTA) could be headed for some good times ahead. In the last 24-hours, IOTA (MIOTA) has pushed from a low of $0.224 to a high of $0.267. IOTA seems to have established solid support at $0.227 on the 200-day MA. If this momentum sustains, IOTA (MIOTA) could hit a high of $0.354. This is the next key resistance point for IOTA (MIOTA) on the 6-hour 200-day MA. Chances of IOTA (MIOTA) hitting this price level are quite high considering that IOTA (MIOTA) has already broken a key resistance point, the 100-day MA at $0.259.

However, in the scenario that IOTA (MIOTA) fails to hold above the 6-hour 100-day MA, and drops below the 6-hour 55-day MA at $0.234, it would make sense to go short with a target of $0.206. This is the next key support level for IOTA (MIOTA) on the 12-hour chart. A break below this level could see IOTA (MIOTA) test $0.145 on the weekly chart. This is a long-term support level, and a possible long-term reversal point for IOTA (MIOTA). However, if current momentum sustains, then IOTA (MIOTA) is unlikely to test these lows in 2018.

Monero (XMR)

In the last 24-hours, IOTA (MIOTA) has made a major run up in price. In this period, it has pushed from a low of $39.57 to a high of $45.95. This run-up has seen it push above two key resistance points, the 100-day MA at $40.87 and the 200-day Ma at $43.09. Going into the next 24-hours, Monero (XMR) is likely to test $52.03. That’s a key resistance level on the 6-hour 100-day MA. A break above this level would mark the beginning of bullish momentum that could possibly push Monero (XMR) to $75.12 on the 6-hour 200-day MA.

However, in the scenario that Monero (XMR) fails to hold above the 6-hour 55-day MA at $45.57, it would be an indicator that bears are still in control of the market. This would be a trigger to go short with a target of $38.71. This is the next key support level for Monero (XMR) on the 6-hour chart.

Stellar (XLM)

Like all other cryptos, Stellar has made tremendous gains in the last 24-hours. In this period, it has pushed from a low of $0.096 to a high of $0.115. This push has seen it test key resistance on the 6-hour 55-day MA. If it pushes above this level, then chances are that Stellar (XLM) could possibly rise to $0.137. This is the next key resistance point for Stellar (XLM) on the 6-hour 100-day MA.

On the flip side, If Stellar fails to hold above the 55-day MA, it could possibly drop to $0.093. This is a key support level for Stellar (XLM) and a possible exit point from a short position.  This price level, if it holds, could be a key reversal point for Stellar (XLM) before it turns long-term bullish and possibly tests new highs. But if it doesn’t hold, then Stellar (XLM) could test $0.090 in the day. This is the next key support level for Stellar  (XLM) on the weekly charts.

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