Bitcoin Gold rallied significantly during the trading session on Tuesday, reaching towards the $88 level. We have gained almost 10% during the day, and it looks likely that we will continue to see buyers jump in on pullbacks, and I think that the $70 level underneath is now the “floor” in the market. I anticipate that the market will probably go looking towards $90 and the short-term, and then eventually the $100 level.
DASH traders have been working again to the upside for Tuesday, reaching towards the $540 level. It looks like short-term pullbacks will continue to be buying opportunities and the $500 level underneath should be supportive. I think that is the short-term “floor” in the market, but I also think that there is more than enough support extending down to the $400 level. I believe that the market should continue to go much higher over the longer term, perhaps reaching towards the $600 level longer term. I think that the market continues to be bullish as long as Ethereum and Bitcoin can do the same.
Monero has rallied as well, albeit in a slower manner than some of the other alt coins that we follow here. I believe that the $275 level underneath is going to offer short-term support, and then of course the $250 level after that will be massive support. We are in an uptrend, so I don’t want to short this market, but I’m looking for short-term pullbacks to buy value when it appears.