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
Analysis of ADA and XMR as of November 26, 2018
After several weeks of severe price losses, some of the altcoins may recover to the nearest resistance level.
Analysis of Stellar Lumen, Bitcoin Cash, EOS, and Litecoin as of 12/10/2018
Despite the current decline, the market recovery phase has not yet ended. We determine the nearest resistance levels for correction.
