Analysis of TRX and ADA as of 11/07/2018

Like most altcoins, ADA/USD is trading above important resistance levels. We expect most altcoins to continue to rise in price this week.

TRX/USD

Thanks to Tron-Dice and other gambling decentralized applications, the Tron blockchain already processes more than a million transactions per day. This is an indication that Tron is developing as a platform for smart contracts, and may soon even replace Ethereum. 

Like other altcoins, TRX/USD is currently in a bullish breakout stage. And although prices have not yet exceeded the September maximum, the overall market mood is optimistic. Traders can start buying with stops at 2.2 cents and targets at 3 cents and 4 cents. However, our bullish forecast will be canceled if TRX/USD falls below two cents and the price closes below the support level.

ADA/USD

The price has already exceeded the level 7 cents, so most likely our trading plan will come true. Once prices start moving towards 9.5 cents or the October highs, traders can start buying with stops at 7.5 cents.

If the price breaks through 9.5 cents, we can expect a continuation with a close above 12 cents.

According to newsbtc.com