Alt Coins Price Forecast March 21, 2018, Technical Analysis

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Updated: Mar 21, 2018, 05:22 UTC

The alt coins had a mixed session on Tuesday, as we continue to see crypto currencies trying to build up momentum to break out to the upside. While we have not done that yet, it certainly looks as if we are trying to build up the proper momentum.

BTG/USD

Bitcoin Gold fell during trading on Tuesday, reaching down towards the $60 level after exploding to the upside late on Monday. By reaching back to the $60 level and bouncing, this is a reasonable pull back to where you would expect to see support. Now the question is whether we can break above the $67.50 level? If we do, I think the Bitcoin Gold will be able to go to $75.

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BTG/USD DASH USD and XMR USD Video 21.03.18

DASH/USD

DASH traders rallied initially on Tuesday but continue to find resistance near the $425 level. We pull back to reach towards the $400 level, an area that of course has a certain amount of psychological importance due to the round number aspect, and of course would attract a lot of attention. At this point, it looks as if we are content to consolidate in this general vicinity, but if we can break above the $440 level, we will have confirmed a bottoming pattern. Otherwise, $400 underneath could be broken, and if it is, we could find the market reaching down towards the $375 level.

XMR/USD

Monero traders were slightly negative as I record this on Tuesday, but it appears that what we are doing is building up the necessary momentum to perhaps break above the $225 level. If we can break above that level, the market should be free to go to the $250 level, and then perhaps $300 after that. Otherwise, we will probably continue to bounce around in a back and forth pattern with $200 underneath being massive support.

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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.