Analysis of TRX and ADA as of 10/31/2018

Analysis of TRX and ADA as of 10/31/2018

Falling Bitcoin drags the altcoin market with it

TRX/USD



As in other markets, the fall in the price of BTC affected the TRX/USD pair. Over the past week, the price of the coin fell by 8%. Despite yesterday's decline, daily charts are stable. We should stick to yesterday's plan, which is for aggressive traders to sell with stops at the October 29 high of 2.5 cents. 

The first target is 2 cents, and then 1.5 cents.


ADA/USD



Even despite the release of the Rust CLI, ADA losses continue to worsen, for last week the coin fell in price by 7%. It seems that the decline is just beginning, as the price of ADA has already fallen by 20%. The result was a price drop below 7 cents. Aggressive traders should start shorting the ADA/USD pair with stops at the October 29 breakout line at 7.4 cents. 

The first targets are 6 cents. 


According to newsbtc.com

You May Also Like

92018-12-03

Analysis of Stellar Lumen, Bitcoin Cash, EOS, and Litecoin as of 12/03/2018

We believe that the correction from the annual lows has ended. Prices have entered a new wave of decline

Analytics
112021-02-22

Bitcoin, Ethereum, XRP price analysis as of 02/22/2021

At the end of last week, the Bitcoin price updated its absolute maximum above the level of 58,000.00 USD.

Analytics

Latest articles from Analytics category