Bitcoin Gold tried to rally during the day, but struggles at the $300 level yet again during the Wednesday session. I believe that the market will continue to be difficult to navigate over the next several sessions, as what is typically a very illiquid market will continue to not only be a quick, but even more so this week as we are between holidays. If we can break above the $300 level, at that point I think it’s a strong buy signal. Otherwise, we could drift towards the $220 level below.
BTG/USD DASH USD and XMR USD Video 28.12.17
DASH continues to be very noisy, bouncing around the $1100 level, and showing significant resistance at the $1200 level. A break above the $1200 level would be very positive, it could happen relatively soon as DASH continues to be very bullish in general. I think if we can break above the $1200 level, we will probably go looking to the $1400 level next, but I also see the potential for a pullback as volumes are very thin. Currently, I look at the $1000 level is the next support level, and the next possible buying area if we do get some type of easing in price.
Monero of course initially rallied during the trading session on Wednesday, but fell at the $400 level, finding in a bit too important. Now that we have done this, we have dropped towards negativity, but I think there is an uptrend line underneath it will continue to support this market. With this being the case, I think it’s only a matter of time before the buyers get involved, and that we reach towards the $400 level again. If we can break above the $400 level, then the market probably looks for the $475 level which has been important in the past. I believe the most important thing on this chart though is going to be the uptrend line, so if we can stay above there it’s a “buy the dips” type of situation.
This article was originally posted on FX Empire
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