technical analysis and trade signals for the three cryptocurrencies you've mentioned: #GFT , $IRIS , and $OAX . I'll provide three target levels for each and discuss the trade momentum.
1. GFT (Last Price: $0.00739)
Technical Analysis:
Trend: Bearish (downtrend)
Support Levels: $0.0065, $0.0058
Resistance Levels: $0.0085, $0.0095
Trade Signals:
Sell Zone: If the price fails to break above $0.0085, a sell signal is triggered.
Buy Zone: Consider buying near the $0.0065 support level with a stop-loss around $0.006.
Target Levels:
Target 1: $0.0085
Target 2: $0.0095
Target 3: $0.0105
Trade Momentum:
The market is currently in a bearish phase with strong downward pressure. It's crucial to watch for signs of reversal at the support level. If it holds above $0.0065, there could be potential for a bounce to the resistance levels. Wait for confirmation of upward momentum before entering long positions.
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2. IRIS (Last Price: $0.01193)
Technical Analysis:
Trend: Bearish (downtrend)
Support Levels: $0.0105, $0.0092
Resistance Levels: $0.0135, $0.0145
Trade Signals:
Sell Zone: If the price tests the resistance at $0.0135 and fails to break it, consider shorting.
Buy Zone: Look for buying opportunities near $0.0105 with a tight stop-loss.
Target Levels:
Target 1: $0.0135
Target 2: $0.0145
Target 3: $0.0155
Trade Momentum:
IRIS has shown a significant pullback. Momentum seems to be weak in the short term, but it might be forming a base near the support levels. Traders should look for potential reversals around the support areas before targeting the upper resistance zones. Caution is advised as there might be more downward pressure before an upward breakout.
3. OAX (Last Price: $0.0921)
Technical Analysis:
Trend: Bearish (downtrend)
Support Levels: $0.0850, $0.0780
Resistance Levels: $0.1000, $0.1050
Trade Signals:
Sell Zone: If price fails to break above $0.1000, consider selling.
Buy Zone: Look for buying near $0.0850 with stop-loss set below $0.0780.
Target Levels:
Target 1: $0.1000
Target 2: $0.1050
Target 3: $0.1100
