Despite the Bears' dominance, the situation could change as they begin to lose momentum.
TRX/USD
Even despite TRX's partnership with BitTorrent, the price of the TRX/USD trading pair fell 26% over the past week. Now it is slowly approaching the January 2018 minimum. On the charts we see that the bears are dominant, and if the price does not start moving towards 2 cents, this trend will continue.
It follows that traders can continue to sell. However, for now, we recommend being patient and placing shorts as soon as the price moves below the November 25 low or 1 cent. Until then, traders can remain neutral as the price may recover to 2 cents.
ADA/USD
It is obvious that ADA/USD is trading in a bearish trend. However, until we see a dip below the November 25 lows, there is a chance that the price will temporarily recover between 3.2 cents and 4.4 cents in the next couple of days.
Trading our previous plan, we will only stop selling if the price breaks above the 4.4 cent mark. This will trigger the first wave of bulls to target 6 cents, our former resistance level. Otherwise, the altcoin price will continue to fall.
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Market overview of the main cryptocurrency pairs for the current week (from 08/13/2018 to 08/19/2018)
In today's review, as always, we summarize the past week and analyze the overall price dynamics.
