Analysis of TRX and IOT as of 11/01/2018

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