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BTG/USD, DASH USD, and XMR USD Price Forecast January 26, 2018, Technical Analysis
Updated: Jan 26, 2018, 05:06 GMT+00:00
Alt coins sold off during the trading session on Thursday, as crypto currencies in general continue to underperform. The lack of volume is certainly concerning, and I don’t see much in the way of a change. In fact, I think that the alt coins not being able to rally over the last couple of days is a particularly telling point, as the US dollar has gotten absolutely pummeled.
BTG/USD
Bitcoin Gold rolled over during the trading session on Thursday, but on low-volume. We are hovering around the 180 handle, which of course offers a bit of psychological significant, but I think we go down to the 170 level after that. The 200 level above is massive resistance, so at this point I essentially look at this as a short-term range bound market. If you have the ability to go back and forth and short-term charts, you may find buying and selling back and forth being the best way to trade this market.
BTG/USD DASH USD and XMR USD Video 26.01.18
DASH/USD
The DASH/USD pair has drifted a little bit lower and underneath the $800 level during the Thursday session. However, there is a bit of support just below, so I think we are essentially just dancing around the $800 level, and therefore there isn’t much to do here, except for maybe build your position if you are willing to go long for the longer-term. A break above the $840 level is the signal that we are ready to go much higher, but right now we don’t have much in the way of volume, which is something that must accompany a move outside of this range.
XMR/USD
Monero did almost nothing during the day beyond drifting a little bit lower, as we are down 3.5% at the time of recording. The market underneath should have support at the $300 level, and then eventually the $280 level. Quite frankly, with a lack of volume and the inability to rally against a very soft greenback, I think Monero is can a roll over even lower than that.
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About the Author
Christopher Lewisauthor
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
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