At the moment, ADA/USD and IOT/USD are trading on a bullish breakout, most likely the price will reach 9.5 cents and 90 cents, respectively.
ADA/USD
After a solid price increase, the price movement became sluggish. However, given the volume behind the November 4th bullish candle and the breakout and close above resistance, we recommend buying with stops at 9.5 cents. More conservative buyers should wait until the price exceeds 9.5, and then buy on dips with stops at 12 cents, and then at 20 cents.
IOT/USD
Luka Moser and Andrew Brow have joined the IOTA Foundation team. Their participation is associated with the beginning of support for IOTA by the Ledger wallet.
Regarding the price, we can say that we are observing a bullish trend. As in the last review, we believe that conservative traders should wait until the price breaks above 60 cents before buying with a target at 90 cents, an important resistance line. Despite this, traders can still try their luck and buy now with targets at 60 and 90 cents and stops at 44 cents.
According to newsbtc.com
You May Also Like
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of December 17, 2018
Last Sunday, bearish pressure eased significantly. However, it is not yet possible to overcome the nearest resistance levels. Will new attempts to restore the market be successful today?
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of 12/05/2018
In the near future, price consolidation will continue in a narrowing range, but soon the price will break through the border of the triangle. Read about the most likely direction of the breakthrough in our review today.
