Yahoo Finance Alt Coins Price Forecast February 13, 2018, Technical Analysis
Bitcoin Gold
Bitcoin Gold markets rallied slightly during the trading session on Monday but gave back some of the gains later in the day. We are most certainly in a downtrend, and what concerns me the most is that volume is almost nonexistent. Because of this, I think that we will continue to drift a bit lower, with the $150 level being a massive ceiling in the market. I also expect to see a lot of support at the $80 handle.
BTG/USD DASH USD and XMR USD Video 13.02.18
DASH
DASH traders rallied a bit during the trading session on Monday, testing the middle moving average of the Bollinger band indicator. We are currently dancing around the $600 level, but at this point I see a massive amount of resistance at the $700 level above, so I don’t think that the rally is going to go very far in the short term. I think at this point the market needs to build up confidence, as all crypto currencies do. The next couple of days will be important, but in the meantime, I suspect it is probably easier to sit on the sidelines and allow the market to tell us which direction it wants to go next before putting money to work.
Monero
Monero markets also rally during the day, gaining over 6% as I record this video. However, we are starting to get back some of the gains, and we are most decidedly in a negative attitude. I believe that if we break down below the lows of the Sunday candle, the market probably drops back to the $160 handle. I also recognize the $280 level above as being resistive, so it’s not until we break above that level that I think the market will have shown enough confidence to continue going higher. After the bloodbath last week, Monero is going to continue to struggle until the other coins rally.
Buy & Sell Cryptocurrency Instantly
This article was originally posted on FX Empire
