Alt Coins Price forecast for the week of March 26, 2018, Technical Analysis

BTG/USD

Bitcoin Gold initially tried to rally during the week, but by the time we started to close things out on Friday, we had given up all the gains. By forming a shooting star at the bottom, it looks like we are going to make a serious run at the $50 level, and once we break below there I think the Bitcoin Gold becomes even more unwound that it has been previously. There is nothing on this chart the tells me it’s time to start buying, and in fact I couldn’t be bothered until we break above the $100 handle. I think shorting rallies will continue to be the way forward and Bitcoin Gold.

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BTG/USD DASH USD and XMR USD Video 26.03.18

DASH/USD

The DASH market initially tried to show signs of strength during the week but rolled over to form a shooting star that sits right at the $400 level. This is a market that should continue to struggle, but I do see that there’s a lot of support between here and $300, so it might be choppy more than anything else. If we were to break above the top of the shooting star for the week, that could be a buying opportunity, but quite frankly this point I think it’s easier just to buy above $500. I think it’s going to be very noisy, but with a negative bend.

XMR/USD

Monero markets rallied a bit during the week, reaching towards the $240 level. As we rolled over from there, we ended up forming a shooting star for the week, showing that we will probably continue to go lower, and a break above the $200 level is in fact a nice shorting opportunity down to the $160 handle underneath, which has shown support more than once. If we can break above the top of the shooting star, that would be bullish and should send this market to the $280 level.

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