Most altcoins show significant losses. ADA/USD is trading at a new low, Monero sellers will soon be able to target the $60 mark.
ADA/USD
Despite the upcoming Cardano 1.4 update, the price of ADA/USD is falling. According to statistics sites, the pair's price has fallen 30% over the past week and 15% over the past day, meaning that for the first time this year ADA/USD is trading below 6 cents.
As stated in the previous trading plan, we recommend selling on every retracement on low time frames. Stops should be at yesterday's high of 6.2 cents.
XMR/USD
Like the rest of the market, Monero is subject to panic selling. Looking at the charts, we see that our first bearish target of $70 was reached six days after prices broke through the $100 mark. It seems that buyers have completely lost control of the situation.
We recommend that sellers target $60 and then $30, given that the bears continue to gain strength.
According to newsbtc.com
You May Also Like
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of December 25, 2018
Yesterday's sharp increase in market volatility may give way to consolidation in a narrow range
Bitcoin, Ethereum, XRP price analysis as of 06/11/2021
Yesterday, buyers were unable to continue the market recovery, but support levels are still keeping the market from falling deeply.
