Analysis of TRX and ADA as of 10/29/2018

Consolidation continues. The price is slowly falling.

TRX/USD

Technically, TRX/USD is consolidating. Despite this, we see prices falling and sales volumes falling as well. In fact, the volumes of the latter are not comparable to the volumes that were on the bullish candle on October 15th. Thus, the high of this candle allows us to assume that if prices break through the September high at 2.5 and 3 centers, then our bullish forecast will be confirmed and buyers can target 4 cents. 

But if the bears push the price below the 2 cent mark, then I would recommend selling on pullbacks. 

ADA/USD

After ADA reached $0.0770, the price began to fall. The ADA/USD trading pair broke through the support levels at $0.0750 and $0.0740. The price also closed below the $0.0750 level and the 100-hour moving average (MA100). The price drop was so significant that the pair broke through the support line at $0.0742 and was also trading lower than $0.0729. 

At the moment, ADA is consolidating above $0.0730. Initial resistance lies near the $0.0740 mark and the 23.6% fibonacci level of the last price decline from the $0.0770 high to $0.0729 low. On the hourly time frame, a bearish trend line has formed with resistance at $0.0740. Above SMA100, the price may recover to $0.0754 and the 61.8% Fibonacci retracement of the last decline from $0.0770 to $0.0729.

Hourly MACD - slowly moving in the bullish zone.

Hourly RSI - relative strength indicator ADA/USD is at 50.

Main support level - $0.0720

The main resistance level is $0.0742.

According to newsbtc.com