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Bitcoin Gold DASH and Monero Price Analysis December 29, 2017, Technical Analysis

Christopher Lewis

Bitcoin Gold

Bitcoin Gold fell during the trading session on Thursday, testing the bottom of the Bollinger Bands. We have bounce from there and currently we are testing the 20 SMA. I think the market probably roles over from here given enough time, but I also recognize that the $200 level underneath is massively supportive. I also recognize that we could continue to go higher, and if we do the $300 level is about as high as we will get over the next several sessions. Once we do break $300, and I think we will, we will go much higher.

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BTG/USD DASH USD and XMR USD Video 29.12.17

BTG/USD daily chart, December 29, 2017


DASH continues to drift lower during the trading session on Thursday, reaching towards the $1000 level. The market looks heavily supported in this area though, so if we break down below that level I think it could give way to the $900 level rather quickly. If we break down below the $900 level, the market probably goes much lower, but in the short term I think it’s likely that we will continue to see buyers on short-term dips. I don’t think DASH traders are going to become overly bearish though, and I think that this pullback might end up being a buying opportunity. The $1200 level above is massive resistance, and a break above there should send the market much higher.

DASH/USD daily chart, December 29, 2017


Monero of course has been bullish over the last several sessions, but in a very general manner. I like this market more than some of the others, because it has a sustainable rally going, but it is also very illiquid this some years he can’t read too much into the technical analysis. There is a short-term uptrend line just below, which has been holding traders higher lately, and because of this I think we may break above the $350 level, and then go hunting the $400 level after that. I would expect it to move in slow motion though. After the 2nd week of January, I anticipate Monero will start outperforming some more of the other crypto currencies. However, if we were to break down below the $300 level, the market could drop to $200 rather quickly.

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Monero/USD daily Chart, December 29, 2017

This article was originally posted on FX Empire