Alt Coins Forecast February 22, 2018, Technical Analysis

BTG/USD

Bitcoin Gold markets rolled over a little bit during the trading session on Wednesday, as we continue to see the $150 level above offer significant resistance. I think that the markets also will probably go looking towards the $80 level if we continue to show signs of weakness. I think if we break above the $150 level could send this market towards the $200 level. Ultimately, I think that the markets will find plenty of reason to bounce around, but right now I just don’t see any sustainability in a trend.

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BTG/USD DASH USD and XMR USD Video 22.02.18

DASH/USD

DASH markets were very interesting during the day as they up forming a relatively neutral candle. I believe that there is a significant amount of resistance extending to the $800 level, so it’s not until we break above there that I would consider buying. In the meantime, we could see a pullback, looking for $600 below to offer support. We had recently broken above a downtrend line, which of course is a good sign, but the rest of the crypto currency markets simply don’t look ready to go anywhere over the next several sessions. Because of this, I think DASH will probably be a little bit of a grind more than anything else.

XMR/USD

The Monero markets also went back and forth during the trading session on Wednesday, as we have seen the smaller crypto currency markets get thrown around. Ultimately, I believe that the longer-term outlook for this market is choppiness and consolidation between the $325 level above, and the $275 level below.

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