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

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

BTG/USD daily chart, January 16, 2018
BTG/USD daily chart, January 16, 2018

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.

DASH/USD daily chart, January 16, 2018
DASH/USD daily chart, January 16, 2018

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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Monero/USD daily Chart, January 16, 2018
Monero/USD daily Chart, January 16, 2018

This article was originally posted on FX Empire

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