Yahoo Finance Alt Coins Price Forecast March 16, 2018, Technical Analysis
BTG/USD
Bitcoin Gold has dropped a bit during the trading session, reaching down towards the $60 level before bouncing. Now that we have turned around to show signs of life, I think we could bounce from here, especially if Bitcoin and Ethereum bounce as well. I think this is a short-term phenomenon though, and the easier trade is to wait for a selling opportunity on signs of exhaustion. If you are short-term trader, you may be a bit of make a little bit of a gain in this area, but I would also say that if we break out to a fresh, new low, the games over.
BTG/USD DASH USD and XMR USD Video 16.03.18
DASH/USD
DASH traders initially sold off during the trading session on Thursday but found enough support just below the $400 level to cause the market to form a bit of a hammer on the daily chart. We haven’t close out the day yet, but this certainly shows that we are looking to bounce from here. Quite frankly, that’s not a huge surprise considering that we have sold off so hard, and I think it’s only a matter of time before the sellers return. I would anticipate the $500 level above to be massive resistance, so short-term rallies might offer a short-term buying opportunity, but in the end, I think it’s better to be sellers.
XMR/USD
Monero has done the same as the other alt coins that I follow, but if we can break above the $225 level, I think we could go to $250 above. Any signs of exhaustion above would be a selling opportunity just as it is in the other alt coins, but I would also be massively short of this market we made a fresh, new low.
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This article was originally posted on FX Empire
