The bull run is becoming more real.
TRX/USD
Despite the price increase, our bearish strategy remains valid. The prevailing market trend is bearish and yesterday's recovery was expected after the October 29 price decline below the October 15 high. Despite the low volumes, we should view each price recovery as a selling opportunity with stops at the October 29 highs.
This leaves 2 cents and 1.5 cents as our targets. On the other hand, continuation of the bullish movement and price growth above the September highs could trigger a push towards the 4 cents target.
IOT/USD
The wave of IOTA adoption continues, now the British company Monster Cleaningwill accept this cryptocurrency as payment.
Despite the strong selling pressure on the price chart, we are already set to see the price rise. According to our trading plan, strong buying pressure will begin when the price exceeds 55 cents. If the price breaks through the resistance line, it could trigger a bull run with targets at 90 cents.
According to newsbtc.com
You May Also Like
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of December 28, 2018
The exit from the rectangle went in the direction of decline. Will the market be able to recover after overnight consolidation?
Brief analysis of the situation on the crypto market over the past week
Miners are dealing with the low price of BTC, with Core Scientific selling over 7,000 BTC in June. Hut8 now has 5,800 farms in Ontario and claims that all BTC will be frozen. The analysis was prepared by KickEX exchange analysts
