Alt Coins rally during the Wednesday session

The alt coins rallied a bit during the Wednesday session, as both Bitcoin and Ethereum found a bit of a reprieve. Because of this, it looks as if we are trying to at least show the signs of a potential bottoming pattern. However, it still early in the game.
Christopher Lewis
Alt Coins daily chart, April 12, 2018
Golden Bitcoins


Bitcoin Gold initially went sideways on Wednesday but then broke above the $42 level. By doing so, it is showing signs of life again, and it’s likely that we could continue to go higher, if we can break above the $44 level. Once we do, the market is likely to go towards the $48 level above, perhaps even $50. In the meantime, it’s likely that we will get short-term pullbacks, but it looks as if the $40 level is trying to offer significant support, something that I’ve not been able to save for some time.

Get Into Dash Trading Today


DASH traders rallied a bit during the Wednesday session, reaching as high as $309 before pulling back. However, there seems to be a lot of interest in DASH near the $300 level, so I think we could get a bit of a bounce and a rally from here. I anticipate that the $320 level is going to be significant resistance though, so I’m not looking for a major move, simply a return to test that area that had been so important in the past.


Monero traders were also slightly bullish during the day on Wednesday, breaking towards the $170 level before rolling over and showing signs of support again at the $165 level. If we can break down below there, the market could go to the $160 level, which is even more support. Monero is lagging the other alt coins, so out of the 3 that we follow here at FX Empire, this is my least favorite one right now.

Buy & Sell Cryptocurrency Instantly

BTG/USD DASH USD and XMR USD Video 12.04.18

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers