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Alt Coins Price Forecast – alt coins making a base?

Bitcoin appears to be at a crossroads, with a move back through $6,600 supporting a run at $6,700 levels and the formation of a near-term bullish trend, while a pullback to $6,200 levels would be a resumption of the bearish trend, with sub-$5,000 levels back in play.

BTG/USD

Bitcoin Gold fell 2% during the day on Friday but continues to look very sideways more than anything else, which of course is a good sign considering how bad things had been. If we can turn around to break above the $35 level, we could run towards $38 after that, and then possibly even $40. Otherwise, it’s likely that a break down from here could send this market looking towards the $30 level underneath.

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DASH/USD

DASH was down about 2% during the day as well but looks to be trying to form some type of base around the $250 level. However, I would not be a buyer until we cleared the $280 level, as it would produce a “higher high.” This market will of course be moved to buy at that point, as it is a technical turn around. Remember that both Bitcoin and Ethereum have a major influence on other crypto currencies such as DASH.

XMR/USD

Monero drifted a little bit lower during the day, losing 6% on Friday, as we continue to see this market underperform any of the other ones. However, the weekly candle is a bit of a hammer, so we could be in the beginning of a basing pattern. If we can turn around and break above the $133 level, we are likely to go looking towards the $150 level above. Otherwise, look for this market to revisit the $100 handle.

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ALT Coins DASH USD and XMR USD Video 18.06.18

This article was originally posted on FX Empire

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