Alt Coins struggle again on Monday as traders return to work

BTG/USD

Bitcoin Gold fell initially during the day on Friday, reaching down towards the $55.50 level. This is an area that has offered a lot of support, but the overall trend is most certainly negative in the Bitcoin Gold markets. I believe the market will continue to be negative overall, with $60 above offering a significant amount of resistance. If we can break above the $60 level, we could then go to the $65 level. However, I think we are much more likely to see a move towards $50 underneath.

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DASH/USD

The Dash markets also struggled significantly at the open, as we continue to turn around and dance near the $400 level. Market participants continue to look at $400 as a potential fulcrum for price, and I believe that we will continue to see more of a back-and-forth type of situation than anything else. If we break down below the $380 level, the market could very well reach towards the $350 level underneath. I believe we will continue to see a significant amount of noise regardless.

XMR/USD

Monero fell initially during the session on Monday as well, as we seem to be attracted to the $200 level. Currently, I believe that this market will continue to go back and forth overall, but if we break down below the $192 level, we are likely to go much lower, perhaps down to the $175 level. At this point, I suspect that rallies are selling opportunities.

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BTG/USD DASH USD and XMR USD Video 15.05.18