Alt Coins Price Forecast March 12, 2018, Technical Analysis

Christopher Lewis

Updated Fri, Mar 9, 2018, 10:24 PM

BTG/USD

Bitcoin Gold fell rather significantly during trading on Friday, showing signs of loss down to the $74 level, but bouncing a bit later in the day. However, the $82 level offered enough resistance to start shorting the market again. I think that we are more than likely going to see a fresh, new low, and that fresh, new low should send this market down to the $50 level. At this point, I have no interest in buying Bitcoin Gold until we find some type of stability in either Bitcoin or Ethereum.

BTG/USD DASH USD and XMR USD Video 12.03.18

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DASH/USD

The DASH market broke down significantly during the day as well, as we reached towards the $435 level. At this point, it looks like the $470 level has offered resistance, and we are starting to roll over significantly. I think that the DASH market will probably go looking towards the $400 level next, and then eventually the $300 level. I have no interest in buying DASH at this point.

XMR/USD

Monero traders broke down significantly during the trading session on Friday, reaching down towards the $240 level before bouncing back to the $270 level. It now looks as if we are trying to form some type of bearish flag, which of course is a very negative sign. I think at this point, it’s very likely that every time we rally it should be an opportunity to search shorting yet again. At the first signs of exhaustion, I would be selling.

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