Alt coins drift slightly lower on Monday

Bitcoin sees red again, with a late Saturday sell-off seeing Bitcoin strike a new swing lo at the start of the day. A weekend rally has yet to materialize and, if Bitcoin doesn’t make a move soon, it may never. · FX Empire

Christopher Lewis

Updated Mon, May 21, 2018, 10:08 PM

BTG/USD

Bitcoin Gold fell a bit during the trading session on Monday, reaching down towards the $54 level. We have bounced slightly from there, but I believe that there is still plenty of resistance above, especially near the $60 level. Because of this, I am very hesitant to buy this market, so I am essentially waiting for some type of exhaustive candle to take advantage of and start shorting. Ultimately, this is a market that I think will continue to show an interest to reach towards the $50 level.

Get Into Dash Trading Today

DASH/USD

DASH initially tried to rally during the day on Monday but found enough resistance of the $410 level to turn around and fall below the $400 level as well. I believe that there is a significant amount of support near the $380 level, but ultimately this is a market that I think needs to grind a bit before we can put serious money to work. I suspect that we will get a back-and-forth type of sideways market in the meantime. I believe that the stochastic oscillator might be one of the better indicators the use to determine when to buy and sell between these various levels.

XMR/USD

Monero fell during the day on Monday, breaking below the $200 level before reaching down to the $190 level. If we break down below there, the market will more than likely reach towards the $188 level next. This is a market that is failing at previous support, showing signs of resistance. Ultimately, if we can break above the $208 level, then the market could go to $216 after that.

Buy & Sell Cryptocurrency Instantly