Yahoo Finance Alt Coins Price forecast for the week of February 19, 2018, Technical Analysis
BTG/USD
Bitcoin Gold rally during the week, breaking towards the $140 level on Friday, which of course is a very bullish sign. The $150 level above is resistance, and I think if we can break above there the market may go looking towards the $200 level after that. The one thing I am concerned about is that volume is very thin right now, which doesn’t exactly inspire confidence. I believe that the market should continue to be very dangerous, as crypto currencies are still trying to regain confidence.
BTG/USD DASH USD and XMR USD Video 19.02.18
DASH/USD
The DASH market rallied as well, but just like the Bitcoin Gold market, showed little in the way of volume. We did break above the top of the hammer from the previous week, so that is a good sign, and we may perhaps reach towards the $800 level next. However, the lack of volume is a major concern, and won’t exactly inspire a lot of confidence. If we break below the $600 level, we will probably drop to the $400 level.
XMR/USD
Monero markets also rallied significantly, reaching towards the $290 level. The market is testing the $300 level in general, an area that begins significant resistance. Until we pick up volume, I don’t think we will be able to break above there. I would not be surprised at all to see a bit of a pullback over the next couple of weeks, but if we do break above $325, and especially if we have volume, then obviously Monero can go towards the highs yet again.
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This article was originally posted on FX Empire
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