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Alt Coins Price Forecast February 26, 2018, Technical Analysis

Christopher Lewis


Bitcoin Gold initially rallied a bit during the trading session on Friday but struggled at the $120 level and rolled over rather significantly. Ultimately, the market should go looking towards the $112 level, and then perhaps even lower than that. I think that the overall downtrend of the last couple of days will probably continue, and I do not expect this market to rally until Bitcoin finds its way higher as well. As the giant falls, the rest of the crypto currencies well.

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BTG/USD DASH USD and XMR USD Video 26.02.18

BTG/USD daily chart, February 26, 2018


The DASH market has rallied a bit initially during the trading session on Friday but found the $640 level to be too resistive to continue going higher. By rolling over the way it has, it looks as if we are going to continue to go lower, perhaps down to the $600 level. That’s an area that should be supportive, as the market has seen it bounce before. However, if we break down below the $600 level, this market will unwind a bit.

DASH/USD daily chart, February 26, 2018


Monero markets were initially very positive during the trading session on Friday, but as you can see we have rolled over again to show signs of weakness. I believe that Monero forming the shooting star the weekly chart is a negative sign, and that we should continue to drop rather quickly. The $250 level will more than likely be supportive, and more than likely be a target. If we break down below that level, the market probably goes down to the $225 level.

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Monero/USD daily Chart, February 26, 2018

This article was originally posted on FX Empire