Yahoo Finance BTG/USD, DASH USD, and XMR USD Price Forecast January 22, 2018, Technical Analysis
BTG/USD
Bitcoin Gold initially tried to rally during the day on Friday, but gave back quite a bit of the gains. I think that the $200 level will now be a bit of a magnet for price, and although Bitcoin Gold looks to be rallying in the short term, I suspect that there is a lot of damage done to this market, and I would be the first point out that there is almost nothing along the lines of volume. A lack of volume is not a positive sign, so I think that it’s only a matter of time before we break below the $200 level again.
BTG/USD DASH USD and XMR USD Video 22.01.18
DASH/USD
DASH traders rallied during the day on Friday, bouncing from the $800 region. However, we have a lot of resistance at the $880 level, and a serious lack of volume over here as well. I believe that we are likely to see this market roll over and try to break below the $800 level again. Once we do, the market will probably go looking towards the $750 level, followed by the $650 level. If we did break above the $900 handle, and especially if we had volume behind the move, I would be more than willing to start buying again. I suspect that most retail traders have stepped away for a while, after losing such massive amounts of money.
XMR/USD
Monero rallied a bit during the trading session on Friday as well, bouncing from the $300 level. This market looks likely to continue to consolidate between the $300 level on the bottom, and the $350 level on the top. We need to see volume on a break out to the upside to be comfortable buying, otherwise I don’t think we are going to break out. This is a marketplace that continues to offer short-term back and forth trading, but we are in a market that has been pummeled, so moves out of the consolidation area could be rather sudden.
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This article was originally posted on FX Empire
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