Yahoo Finance Alt Coins Price Forecast February 20, 2018, Technical Analysis
BTG/USD
Bitcoin Gold rallied 7% as I record this during the day on Monday, which of course is a very bullish sign, with the $125 level underneath offering support, while the $150 level above offers resistance. If we can break above the $150 level, Bitcoin Gold can go to the $200 level. However, it would not surprise me at all to see this market pull back occasionally to go looking for momentum. If we break below the $125 level, the market should go to the $100 level.
BTG/USD DASH USD and XMR USD Video 20.02.18
DASH/USD
The DASH/USD market has rally during the day as well, as we continue to grind towards the $800 level. There is plenty of support underneath though, extending down to the $600 level. The market will continue to go higher based upon the recent break above a significant downtrend line, but if we broke down below the $600 level, then we could have a bit of value present itself, but obviously you need to see Bitcoin in Ethereum both rally longer-term for crypto currency such as DASH to continue to show strength. The $800 level above being broken to the upside will continue to go much higher, perhaps to the $1000 level.
XMR/USD
Monero rallied significantly during the day as well, reaching towards the $325 level. If we can break that level, then I think $350 will be the next target, perhaps then offering an opportunity to reach towards the $400 level. Any pullback from here should find plenty of support near the $300 level, and therefore I think that it’s a “buy on the dips” type of situation, but the lack of volume continues to be a major concern.
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This article was originally posted on FX Empire
