Yahoo Finance Alt coins continue to fail for the week
BTG/USD
Bitcoin Gold did very little during the week but did end up forming a red candle. We are well below the $50 level, an area that is going to cause a certain amount of psychological importance and resistance, so I think at this point we are more likely to go down than up. I like selling rallies, but longer-term traders don’t have much to do in this pair as it tends to be very little.
DASH/USD
The DASH market did very little during the week as well, forming a very small red candle. The market looks likely to continue to struggle, but we are using the $300 level as a bit of a support level to hang onto. If we can break down a little bit from here, I think the market will very likely unwind down to the $200 level next. At that point, I would anticipate a serious break down if we go further. Rallies seem to have a lot of resistance just above at the $400 level to contend with, so I think they would be limited at best.
XMR/USD
For a while now, Monero has been underperforming when it comes to the old currencies that I follow here at FX Empire, and this past week was no different. I think we will continue to see a lot of concern when it comes to Monero, and the $150 level looks to be a bit of a resistance barrier currently. I think that it’s only a matter of time before the sellers come in, so rallies at this point in time look to be a selling opportunity.
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BTG/USD DASH USD and XMR USD Video 04.06.18
This article was originally posted on FX Empire
