Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5987
    +0.0011 (+0.19%)
     
  • NZD/EUR

    0.5538
    +0.0005 (+0.09%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • NZD/JPY

    90.4800
    +0.0870 (+0.10%)
     

Alt Coins Price Forecast February 28, 2018, Technical Analysis

BTG/USD

Bitcoin Gold has rallied a bit during the trading session on Tuesday, reaching towards the $120 level. If we can break above the $125 level, I think that Bitcoin Gold will continue to go higher, perhaps reaching towards the $150 level after that. Short-term pullbacks should be buying opportunities, as I believe there is a massive amount of support at the $108 level.

Get Into Dash Trading Today

BTG/USD DASH USD and XMR USD Video 28.02.18

BTG/USD daily chart, February 28, 2018
BTG/USD daily chart, February 28, 2018

DASH/USD

DASH traders went back and forth during the trading session on Tuesday, as the $650 level has offered resistance. If we can break above that level, it’s likely that the market should continue to go higher, perhaps reaching towards the $750 level. I believe that the market has plenty of support underneath as well, and it looks likely that the $600 level could offer a bit of support. I also see support below at the $575 level, so therefore it’s likely that we continue to see a bit of a basing pattern. If we were to break down below the $570 level, that would be extraordinarily negative and send this market lower.

DASH/USD daily chart, February 28, 2018
DASH/USD daily chart, February 28, 2018

XMR/USD

Monero rallied initially during the day on Tuesday, but as I record this we are giving back quite a bit of the gains. I think there is plenty of support below though, especially near the $280 level, an area that has previously been resistive. I think we are going to try to reach towards the $325 level above, an area that has been resistance more than once. Buying on the dips continues to be the way.

ADVERTISEMENT

Buy & Sell Cryptocurrency Instantly

Monero/USD daily Chart, February 28, 2018
Monero/USD daily Chart, February 28, 2018

This article was originally posted on FX Empire

More From FXEMPIRE: