Most altcoins are trading below support levels.
XMR/USD
It is clear that bears dominate the XMR market after the price drop below $70. Thanks to steady losses in value over the past two days, they are now targeting $30.
We maintain a bearish outlook and expect XMR/USD to test $30 or below if selling pressure continues.
ADA/USD
After eight days of falling prices, sellers finally erased their gains on November 28th. Additionally, ADA is trading below November lows at 3.3 cents, which means our previous trading plan is valid. In this case, we expect the price of ADA and the market capitalization of the coin to drop even lower.
Selling pressure should technically continue until there is a surge above 4.5 cents, which will complete the morning star pattern of November 25.
According to www.newsbtc.com
You May Also Like
Analysis of TRX and IOT as of 11/23/2018
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.
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of November 21, 2018
Yesterday, the bears failed to push prices below key support levels. The minimums were set very close. Breakout attempts will resume today, but will they be successful?
