Bitcoin Gold DASH and Monero Price Analysis January 16, 2018, Technical Analysis

Christopher Lewis

Updated Mon, Jan 15, 2018, 10:06 PM

Bitcoin Gold

Bitcoin Gold initially went sideways during the trading session on Monday, hovering around the $280 level. However, we broke above the $300 level, and then reach towards the $340 level. We did start to pull back a little bit and are reaching over hot conditions on the stochastic oscillator, so we could get a bit of a pull back towards the $300 level. Longer-term, I think we are trying to build up enough momentum to go looking towards the $400 level after that, ultimately sending the market the much higher levels.

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BTG/USD DASH USD and XMR USD Video 16.01.18

DASH

DASH traders get most nothing during the day on Monday, showing small signs of bullishness, but weren’t able to break above the $1025 level. Because of this, I think we’re going to essentially hover around the $1000 handle, with the $900 level below being the bottom of a support “zone”, which is the bottom of the overall consolidation. Expect a move towards the $1100 level coming soon, but it’s probably going to be rather choppy.

Monero

Monero markets rallied a bit during the day, reaching as high as $449 at one point, before pulling back. It now appears that we have support at the $410 level, and I think we’re going to go looking towards $450 level again. I like buying pullbacks, as it represents value in a market that’s obviously bullish. Out of the 3 currencies in this video, Monero is the one that shows the most promise. Ultimately, it seems that Monero is attracting very little volume though, and I would point out that a lot of the rally was due to a spike on what was probably a sudden and large order.

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