In addition to increasing the number of on-chain transactions, Turkish investors can now buy TRX/TRY on the Koineks platform.
TRX/USD
Although the path of least resistance for price appears to be downward, the short-term trend will depend on where the price closes today. On short time frames, demand increases.
If price closes higher today, a three-candle reversal pattern will form, in which case aggressive traders should buy the dips with stops at 2.2 cents and first targets at 3 cents. On the other hand, a large decline in price could trigger a fall below the October 2 lows of 2 cents with bearish targets at 1.5 cents.
ADA/USD
The failure of sellers to push the price below the November 4 mark means that our bullish breakout plan is still valid. In fact, the ADA/USD pair rose 1% over the past day, and 6% over the week. One glance at the daily chart is enough to confirm our trading plan. We recommend buying on dips with stops at $7.3 cents and first targets at $9.5 cents. Once the price breaks through support at the October highs, conservative traders could start buying with an initial target of 12 cents.
According to newsbtc.com
You May Also Like
Analysis of Stellar Lumen, Bitcoin Cash, EOS, and Litecoin as of 12/04/2018
The morning lows gave a good impetus for new purchases of altcoins. But will they continue when the price loses its attractiveness near yesterday's consolidation level? Let's look at the graphs
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of 12/03/2018
Over the weekend, the market traditionally did not show excessive activity and was in a predictable sideways range. In the near future, the dynamics of the sideways trend will continue
