Bitcoin Gold DASH and Monero Price Forecast December 18, 2017, Technical Analysis

Bitcoin Gold

Bitcoin Gold rally during the day on Friday after initially going sideways, breaking above the $300 level. However, that area was a bit too exhaustive for the buyers to continue to push higher, so I think the pullback is justified down to roughly $280 where we should see a bit of an uptrend come back into play. If we can break above the $310 level, the market should then go to the $350 level above. In general, I’m seeing a lot of volatility in this market, but also a lot of positivity when looked at from a longer-term perspective.

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BTG/USD DASH USD and XMR USD Video 18.12.17

DASH/USD

DASH continues to be choppy as well, as the $1000 level was a bit too difficult to overcome. I think that the $800 level underneath will be support, so every time we pull back I’m willing to add a little bit, because I think most of the pullback is due to the $1000 level being difficult to overcome, and of course has a certain amount of psychological resistance. Ultimately, buying dips and adding slowly as the market should continue to go higher, but we will course have a lot of noise.

XMR/USD

Monero has been noisy as well, initially falling rather significantly and down to the $280 level on Friday, but then bouncing to break above the $300 level. If we can clear the $320 level, this would be a complete round-trip, sending this market much higher. I think that $330 level is resistance, but a break above there should then have Monero looking for the $350 level, which is my longer-term target. If we were to break down below the $280 level, then I think the market will probably drop down to the $250 level underneath which is massive support.

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