Yahoo Finance BTG/USD, DASH USD, and XMR USD Price forecast for the week of January 29, 2018, Technical Analysis
BTG/USD
Bitcoin Gold initially tried to rally during the week but found the area above $200 to be too much for buyers to overcome. We have broken down towards the $175 level, as the market looks very likely to continue to drop from here, reaching down towards the $150 level. Volume is dropping though, and that’s a very negative sign and I think that we will continue to see sellers in this market, as most people are willing to take their losses, or for a very fortunate few: take profits.
BTG/USD DASH USD and XMR USD Video 29.01.18
Dash/USD
Dash traders sold off during the week, breaking below the $800 level, but we did see a bit of a reprieve towards the end of the week, forming a hammer. The hammer of course is a bullish sign, but we have a lack of volume. Having said that, there is more volume in the dash market, relatively speaking, then there is in many of the other crypto currencies. I suppose if I were to start buying crypto currencies now, this might be the place I start looking. $600 underneath should be supportive, but a break above the top of the candle could be a sign to start going long again.
XMR/USD
Monero has broken down towards the $300 level during the week and found a little bit of support underneath. Volume is very light though, so I don’t like the idea of buying Monero right now, but if volume picks up I might be convinced to start buying again.
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This article was originally posted on FX Empire
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