Yahoo Finance Alt coins continue to soften during the week
BTG/USD
Bitcoin Gold fell during the week, reaching towards the $50 level. The market had bounced recently, but quite frankly when you look at the longer-term charts you can see that we are a far cry from showing any significant strength. I think that the market is probably going to go to the $50 level, perhaps even lower than that. I think that the $100 level above is resistance, so a breakout above there would be significant. However, I don’t see that anytime soon.
DASH/USD
The DASH market initially trying to rally during the week but turned around of form a shooting star. The shooting star of course is a negative sign, and it looks as if we are going to continue to go lower. I believe that the $300 level will be targeted, and perhaps we can break down below there. Ultimately, every time that we rally it’s likely that we will see sellers jumping into this market. I anticipate that the negativity should continue based upon the chart pattern, and quite frankly I don’t see this market showing signs of strength yet.
XMR/USD
Monero initially trying to rally during the week but rolled over and fell towards the uptrend line again. The uptrend line of course is massive support, so I think that if we were to break down below there, the market could probably reach towards the $150 level. If we break down below that level, the market will unwind drastically and should continue to see massive selling.
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BTG/USD DASH USD and XMR USD Video 21.05.18
This article was originally posted on FX Empire
