Yahoo Finance Alt coins continue to struggle as major crypto currencies fall
BTG/USD
Bitcoin Gold fell a bit during the trading session on Thursday before bouncing from the $43 level, but quite frankly at this point I think it’s only a matter of time before the sellers come back into this market place, and it looks to me as if the $50 level above is resistance as it was one psychological support. We are in a downtrend, and I don’t have any interest in trying to fight that currently.
DASH/USD
The DASH market also fell during the day on Thursday, reaching down towards the $325 level. The $350 level above has offered resistance already, so I think it’s only a matter of time before we start falling again, perhaps reaching towards the $300 level. If we did break above the $360 level, that could give this market a short-term boost, but I don’t see it rallying above the $400 level anytime soon. In general, selling rallies continues to be the way in this market.
XMR/USD
Monero markets fell rather hard during the day, showing weakness yet again. Out of the alt coins, Monero has been the worst performing over the last several months, and today of course wouldn’t have been any different. It looks as if we are targeting the $160 level again, with the $150 level underneath being a particularly interesting target. I believe that the $180 level above is resistance, so any signs of exhaustion between here and there would be a nice selling opportunity as it offers value in the greenback.
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BTG/USD DASH USD and XMR USD Video 25.05.18
This article was originally posted on FX Empire
