Yahoo Finance Alt Coins bounce around during the trading session on Wednesday
BTG/USD
Bitcoin Gold fell slightly during the trading session on Wednesday, dropping almost 2%. The market continues to find resistance near the $46 level, the $48 level, and obviously the $50 level. However, is very unlikely that we can break above the $50 level, so I think it’s only a matter time before the sellers get involved. My target now is $42, followed by $40 as we have seen so much in the way of bearish pressure.
DASH/USD
The DASH market drifted a bit lower during the trading session on Wednesday, as we continue to see a bit of a lackluster performance when it comes to the alt coins. Quite frankly, the entire crypto currency markets look a bit soft currently, so that of course will find the alt coins struggling overall. I think that the market will probably go looking towards the $300 level underneath which should remain supportive yet again. Rallies at this point are to be sold, unless of course we manage to break above the $350 level which of course would be a big deal.
XMR/USD
Monero continues to underperform other alt coins, and I think that the $175 level should offer resistance, as it has in the past. At the same time, I would say that the $150 level underneath should remain rather important, and I think it will be very difficult to break below there. If we did, that would be catastrophic. In the short term, I’m looking for range bound trading from both of these levels as we approach them.
Buy & Sell Cryptocurrency Instantly
BTG/USD DASH USD and XMR USD Video 07.06.18
This article was originally posted on FX Empire
