Alt Coins Price Forecast February 12, 2018, Technical Analysis

Christopher Lewis

Updated Fri, Feb 9, 2018, 9:50 PM

BTG/USD

Bitcoin Gold rallied again during the trading session on Friday, reaching towards the $125 level. We have gained over 9%, and this will of course attract a lot of attention. We are in the middle of a noisy area though, so I would anticipate that we could get a little bit of a pullback. Pullback could be a buying opportunity, and therefore I think that value hunters will continue to flock to this market.

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BTG/USD DASH USD and XMR USD Video 12.02.18

Dash/USD

Dash markets rallied a bit during the trading session on Friday, breaking above the $600 level. I believe that the market should continue to be bullish, but we are approaching a resistive area, so we may get a bit of a pullback that you can take advantage of. If we were to roll over and break below the $400 level, that would be the end of Dash. The meantime though, looks as if the crypto currency markets are trying to recover a lot of the losses, so I think that it remains a “buy on the dips” situation. If we can break out to the upside, the next target will be $800.

XMR/USD

Monero markets rallied ever so slightly during the trading session on Friday, and out of the alt coins that I follow here at FX Empire, this is the weakest performer. However, it does have a nice-looking hammer on the weekly chart, so I think we could see bullish pressure longer term. This is a market that will probably lag the others but will obviously move in the same direction.

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