Alt Coins Price Forecast March 6, 2018, Technical Analysis
BTG/USD
Bitcoin traders were quiet during the trading session, so Bitcoin Gold wasn’t going to react either. As I write this, we are currently down 1% for the day, as we continue to grind near the $110 level. I see the $100 level as significant support, so I think that if we can stay above that level, we should be free to go higher given enough time. We are currently trying to build up the momentum though, so I don’t think this is going to happen right away.
BTG/USD DASH USD and XMR USD Video 06.03.18
Your capital is at risk
DASH/USD
The DASH market did very little during the day as well, as we continue to see a bit of sideways consolidation. I think that the $570 level underneath continues to offer support, just as the $650 level above will offer significant resistance. The market continues to go back and forth in that area, and therefore I think that one should keep in mind that this is more of a range bound situation right now, and that short-term trading opportunities probably exist, but not much more than that until we can get some type of momentum built up. Right now, it looks as if the market is taking a bit of a breather.
XMR/USD
Monero markets fell during trading on Monday, pulling back from some of the recent gains over the weekend. However, I think this market still has plenty of support underneath, so it is probably only a matter of time before the buyers return, and I also recognize that the $340 level underneath should continue to be relatively supportive. I have no interest in shorting this market, and think that we will eventually go looking towards the $400 level above.
Buy & Sell Cryptocurrency Instantly