The bull run is becoming more real.
TRX/USD
Despite the price increase, our bearish strategy remains valid. The prevailing market trend is bearish and yesterday's recovery was expected after the October 29 price decline below the October 15 high. Despite the low volumes, we should view each price recovery as a selling opportunity with stops at the October 29 highs.
This leaves 2 cents and 1.5 cents as our targets. On the other hand, continuation of the bullish movement and price growth above the September highs could trigger a push towards the 4 cents target.
IOT/USD
The wave of IOTA adoption continues, now the British company Monster Cleaningwill accept this cryptocurrency as payment.
Despite the strong selling pressure on the price chart, we are already set to see the price rise. According to our trading plan, strong buying pressure will begin when the price exceeds 55 cents. If the price breaks through the resistance line, it could trigger a bull run with targets at 90 cents.
According to newsbtc.com
You May Also Like
Analysis of Bitcoin Cash, EOS, Stellar Lumen and Litecoin as of December 21, 2018
The weekly highs were updated on decreasing volumes, so in the near future there is a high probability of market consolidation near key support levels.
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of 12/03/2018
Over the weekend, the market traditionally did not show excessive activity and was in a predictable sideways range. In the near future, the dynamics of the sideways trend will continue
