Advertisement
New Zealand markets closed
  • NZX 50

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

    0.5984
    +0.0009 (+0.14%)
     
  • NZD/EUR

    0.5543
    +0.0010 (+0.17%)
     
  • 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

    90.4790
    +0.0860 (+0.10%)
     

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

Get Into Dash Trading Today

BTG/USD daily chart, February 20, 2018
BTG/USD daily chart, February 20, 2018

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.

DASH/USD daily chart, February 20, 2018
DASH/USD daily chart, February 20, 2018

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.

ADVERTISEMENT

Buy & Sell Cryptocurrency Instantly

Monero/USD daily Chart, February 20, 2018
Monero/USD daily Chart, February 20, 2018

This article was originally posted on FX Empire

More From FXEMPIRE: