Alt Coins relatively flat during Thursday session

BTG/USD

Bitcoin Gold fell slightly during the session, being one of the softer crypto currencies that I follow here at FX Empire, but continues to find plenty of support near the $55 level. I believe that the $60 level above is resistance, and if we can break above there it’s likely that we could continue to go higher, with $65 be in the initial target. If we do break down below the $52.50 level, then I think we probably go looking towards the $50 handle.

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DASH/USD

The DASH market did very little during the day, as we continue to hang about the $410 level. The $400 level underneath is supportive due to the large come around, psychologically significant figure. I think that there is a lot of order flow in this area, so I’m not looking to put a lot of money to work quite yet, but I think that it’s likely that longer-term investors may be looking to try to build up a position. I believe that currently you could take your time and wait for an impulsive day to start putting money to work. If we break down below the $375 level, we will continue to go even lower.

XMR/USD

Monero markets rallied a bit during the day but continue to hover around the $200 level in general. I believe that the market has a significant “floor” at the $192 level, so I would anticipate buyers coming back in. If we break down below there, then the market probably drops down to the $180 handle.

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BTG/USD DASH USD and XMR USD Video 18.05.18

This article was originally posted on FX Empire

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