Bitcoin Gold rallied during the trading session on Wednesday, breaking above the $53 level, but has pulled back to test that area as support. I also believe that the $55 level above will be resistance, and if we can break above there I think that the market should continue to go towards the $60 level, and I believe that the $50 level underneath is the “floor” in the market now that we have broken above that area, tested it, and then rallied again.
The DASH market has rallied during the trading on Wednesday, breaking towards the $400 level. By doing so, it looks as if we’re going to try to continue going higher, and a clearance of the $400 level allows the market to go looking towards the $425 level. Pullbacks should continue to find support down to the $360 level, and I think that it’s only a matter of time before DASH continues to go higher. The $500 level will be the target, but I also recognize that this market will be driven by what’s going on in Bitcoin and Ethereum. I anticipate that there will be a lot of volatility, but ultimately it looks as if you are cautious, you can add slowly.
Monero exploded to the upside, reaching towards the $232 level, but then pulled back a bit. It looks likely that there should be plenty of support underneath, extending down to the $200 level. That’s an area that was previous resistance, it should now be support.