Analysis of XMR and ADA as of 12/07/2018

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