TRX/USD
In addition to the fact that the price does not show signs of growth, the bears began to lower it below the level on October 15. Yesterday's price decline also demonstrates that our trading plan for the TRX/USD pair was incorrect, which puts us back in a neutral position. I would recommend that aggressive traders sell if the price reaches the 2 cent support line. Stops are still at 2.4 cents.
XMR/USD
In line with our previous analysis of the XMR/USD trading pair, we remain neutral. Two factors can provoke us to start trading. First, if the price goes above $120, the bulls will start buying dips. Secondly, if the price falls below $100, it will be the start of a bearish trend.
Given yesterday's losses, I would not be surprised if we see a continuation of the bearish trend. Therefore, aggressive traders may want to start selling with stops at $120. The first target is $100, and then $70. Conservative traders should wait until the price falls completely below $100. After that, they can sell with targets of $70 and $50.
According to newsbtc.com
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Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of 12/10/2018
At the end of last week, we were able to observe the beginning of a corrective recovery. Will the price recovery be able to reach the target level at the beginning of this trading week?
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Bitcoin showed a nice recovery on Monday and is trading at $3,591 at the time of writing. The price of the coin has increased by about 8% over the past 24 hours amid a recovery in the global cryptocurrency market, driven mainly by technical and speculative factors.
