BTG/USD DASH USD and XMR USD Price Forecast January 23, 2018, Technical Analysis

BTG/USD

Bitcoin Gold initially tried to rally during the Monday session, but rolled over and broke down below the $200 level. At this point, crypto currencies on the whole are struggling, as the top 20 by market valuation have all lost. Bitcoin Gold breaking below to the $180 level is yet another sign of weakness, and even if we do rally from here, I suspect that it’s not until we break above the $250 level that you can expect to see momentum to the upside. We would also need to see volume, something that just isn’t being seen in the crypto currency space these days.

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BTG/USD DASH USD and XMR USD Video 23.01.18

DASH/USD

DASH rolled over a bit during the trading session on Monday, breaking below the $800 level. We are currently trading near the $750 level as a record this, with the most of volume of the last couple of days being a long, red candle on the 4-hour chart. I think that the $800 level will offer resistance, and it’s likely that we will go towards the lows again. Given enough time, I fully anticipate that the DASH market will reach towards the $600 level again, which offered a significant amount of support. At this point, I look at rallies as an opportunity to sell a market that is falling over the longer term.

XMR/USD

The Monero market fell as well, reaching towards the $300 level. If we can break down below the $300 level, I think we go looking towards the $250 level next, and I would point out that the volume is to the downside yet again. Rallies of this point would be selling opportunities, and unless we get a complete change of attitude in the market, shown in the form of volume. A break above the $350 level would be a good sign as well, but at this point I think that Monero will simply follow the rest of the crypto currency markets, and that means falling to much lower levels.

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