Alt Coins slightly positive on Thursday

BTG/USD

Bitcoin Gold rallied slightly during the trading session, gaining about 0.8% as I record this market. I think that the $48 level above will be resistance, perhaps extending to the $50 level. It is because of this that I think it’s only a matter of time before the sellers get involved and push this market lower again. I would be very surprised if Bitcoin Gold managed to break above the $50 level.

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DASH/USD

The DASH market has done almost nothing during the day on Thursday, as we continue to go sideways in general. The $300 level underneath should be supportive, just as the $340 level above should be resistance. In the meantime, I think we bounce around in this $40 range. Longer-term, I believe it’s only a matter time before the sellers come back and push this market lower, but I can see where we have plenty of opportunity to trade this market from a range bound status, using perhaps something like a stochastic oscillator to help your trading decisions going forward.

XMR/USD

Monero markets were up over 1% as I record this market, reaching towards the $175 level above. That’s an area that is resistance, and I think that the sellers will come back into this market eventually. I’m looking to sell the first signs of exhaustion, as I believe we will roll over and reach towards the $150 level again. However, if we were to break above the $180 level, we could go looking towards the $200 level.

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BTG/USD DASH USD and XMR USD Video 08.06.18