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Bitcoin Gold DASH and Monero Price Forecast January 10, 2018, Technical Analysis

Christopher Lewis


Bitcoin Gold went back and forth during the trading session on Tuesday, as the $225 level has offered support. I think that the market will probably go towards the $275 level above. In general, I look at the longer-term charts for the larger consolidation area that the market has been dealing with. The $200 level on the bottom is the “floor”, while the $300 level above is the “ceiling.” I believe that the market is going to stay within this range, so it makes sense that we would grind higher, but I don’t look for anything major to happen, but I do expect a general drift higher.

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BTG/USD daily chart, January 10, 2018


DASH traders initially sold off the market during the Tuesday session, but found enough support near the $1040 level to turn things around and cause a bounce. In general, I look at this as a market that has seen a major support level at the $1000 level underneath, and major resistance at the $1200 level above. This is a market that continues to show a lot of volatility, and that of course won’t be anything new for crypto currency traders, but I think it’s can be difficult for the market to break out in the meantime, as DASH had so much in the way of a bullish move recently.

DASH/USD daily chart, January 10, 2018


Monero initially rallied rather significantly during the trading session on Tuesday, but found enough resistance at the $450 level to drop down to the $400 level underneath. By bouncing from there, the market then showed signs of life again, and I think we are going to continue to go to the upside but also recognize that it is going to be very noisy, so adding slowly on fresh rallies will probably make the most sense. In the meantime, I have no interest in shorting this market. I believe that Monero will continue to do quite well, as it has had a more believable rally than many of the other crypto currencies, not overdone, and steady.

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Monero/USD daily Chart, January 10, 2018

This article was originally posted on FX Empire