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.
TRX/USD
Even the support of Justin Sun and the high transaction speed did not help TRX. The token price fell by 28% this week
According to our previous analysis, the bears are in complete control of the market. Based on this, we suggest selling on the spot with stops at the highs of November 20 and 1.6 cents, and setting targets at the lows of January 24.
IOT/USD
IOT/USD continues to fall, over the past week the value of the currency has fallen by 26%, if the price falls below 30 cents today, the bulls will begin to target 20 cents. However, for our bullish plan to work, we need to wait for a strong break above the 50 cent mark and the main resistance line.
However, if there is a retest near the 40-50 cent mark with a sell signal on lower time frames, investors should forget about their longs and start selling with targets at 30 cents and then at 20 cents.
According to www.newsbtc.com
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Analysis of Bitcoin Cash, Stellar Lumen, EOS and Litecoin as of November 23, 2018
Today the price has emerged from yesterday’s consolidation and some altcoins even managed to update their lows. But we believe that after the end of the corrective recovery, prices will continue the sideways trend.
