Alt Coins Price Forecast March 5, 2018, Technical Analysis

BTG/USD

Bitcoin Gold fell a bit during the trading session on Friday, reaching down towards the $108.50 level. This market should continue to find support in this general vicinity, so I think that it is only a matter of time before we bounced a bit from here. However, there seems to be significant resistance near the $116 handle, so at this point I think you will continue to see back and forth trading, unless of course Bitcoin roles over drastically, as it drives the rest of the market.

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DASH/USD

Dash markets fell during the session on Friday as well, reaching just below the $600 level. We have significant support at roughly $575, so I would not be surprised at all to see buyers to come back into the market near that level, so having said that if you are cautious, you could have a buying opportunity just waiting to happen. If we were to break down below the $570 level, at that point I think the market will unwind to the $550 level. If we do breakout to the upside, the $625 level will offer resistance.

XMR/USD

Monero fell initially during the day on Friday but seems to have found a significant amount of support near the $307 level, as we are starting to bounce towards the $320 level. If we can break above the $325 level, the market should continue to go much higher, perhaps reaching towards the $350 level over the longer term. Monero is clearly the winter over the last couple of days when it comes to the alt coins, and it seems as if there is quite a bit of bullish pressure.

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