Even though yesterday's gains were somewhat limited, the overall trend remains bullish and most altcoins should close high by the end of the week. In this case, we expect ADA/USD traders to buy with stops at support levels.
ADA/USD
As before, we recommend traders buy ADA with the first targets at 12 cents.
This mark is an important resistance level, and any run above this marks means there is no bearish pressure, in which case bulls can target 20 and then 40 cents.
At the moment, as before, we advise placing stops at 7.5 cents with short-term targets at 9.5 cents.
XMR/USD
Unlike other coins with high levels of growth, Monero's price is up just 9% this week. Still, this is a stable increase, and the price reached $120. Despite our optimistic outlook and the overall market expansion, we would recommend waiting until the price reaches $120 or $130. This will ensure that buyers are in complete control of the market.
This means that the price of the XMR/USD pair should first close above the October 15 highs. Until then, we advise taking a neutral position while XMR/USD fluctuates in the $120 range.
According to newsbtc.com
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Most altcoins are trading below support levels.
