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
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Bitcoin-altcoin trading pairs are the reason why the value of altcoins depends on the price movements of Bitcoin. At the moment, the price action is bearish, so altcoins continue to fall.
