Alt coins rollover for the week

The alt coins all fell during the week, with a significant push late, as the Bitcoin and Ethereum market struggled on Friday. Because of this, it looks as if we will continue to see a lot of trouble, and I think that we are going to go looking for support just below.
Christopher Lewis
Alt Coins weekly chart, May 14, 2018
Cryptocurrency background – defocus


Bitcoin Gold fell during the week, with the majority of the loss coming on Friday. In fact, Friday we were down over 12%, showing the continued bearish pressure in these alt coins that have been a mainstay since the beginning of the year. The $100 level above has been a major psychological barrier, and we have most certainly turned away from there. Now I believe we are going to go looking towards the $40 level again for support.

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The DASH market broke down significantly during the week, reaching towards the $400 level. If we can break down below there, then I think the market goes down to the $300 level underneath, which has been support more than once. Because of this, I think that the market should be attracted to that region. The $600 level has obviously caused quite a bit of concern, and you can see turned everything around, with a shooting star forming a couple of weeks ago.


Monero fell rather hard during the week as well, crashing into the $200 level. It’s obvious that we continue to see bearish pressure, as a couple of weeks ago we saw a massive shooting star that found a lot of selling pressure at the $300 level. Ultimately, it looks as if the market is likely going to break below the $200 level, reaching down to the $150 level below. That’s an area that has been support more than once, but we have now made a series of “lower lows” on the longer-term chart, and I think that $150 could get broken through to the downside.

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BTG/USD DASH USD and XMR USD Video 14.05.18

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