Overall, altcoins continue to fall in price as Bitcoin remains under strong selling pressure.
ADA/USD
ADA dropped to 10th place in the liquidity list after 13 days of price decline. In our previous analysis, we recommended that traders sell if the price falls below the support level, now the 6 cent resistance level.
Now that this has happened, traders can continue to sell with stops at 4.5 cents. The only scenario in which our bearish plan is canceled is if the bulls begin to actively pump the market.
XMR/USD
Yesterday's 9% decline has dropped Monero to 11th place in the liquidity list, and is also preparing us to even greater losses, as the price dropped below $70 - the previous support level, and now the resistance level.
We expect that the bears will be able to push the price below the lows of the 2nd quarter of 2017, namely $30 cents. With this in mind, traders should sell XMR with stops at $70 and a first target at $30.
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