THELOGICALINDIAN - Key Points
Bitcoin gold amount is convalescent from the $140 abutment area adjoin the US Dollar. BTG/USD ability accretion added and it could analysis the $240-260 attrition zone.
Bitcoin Gold Price Resistance
After trading as low as $143, bitcoin gold amount started a recovery adjoin the US Dollar. The amount confused college and bankrupt the $200 attrition akin to set the clip for added gains. It additionally austere the 23.6% Fib retracement akin of the aftermost abatement from the $340 beat aerial to $143 low. The accepted amount activity is absolute and there are affairs of added assets aloft $220 in the abreast term.
At the moment, the amount is testing a key attrition at $218-220 and the 100 alternate simple affective average. The $218 akin is additionally the 38.2% Fib retracement akin of the aftermost abatement from the $340 beat aerial to $143 low. Above the $220 level, there is a above bearish trend band basic with attrition at $250 on the alternate blueprint of BTG/USD. The trend band attrition about $250 is the best important barrier for buyers on the upside. An average attrition is about the 50% Fib retracement akin of the aftermost abatement from the $340 beat aerial to $143 low at $241.
The accepted drive is positive, but it won’t be accessible for BTG/USD to breach the $240-250 attrition area.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is boring affective in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is affective college appear the 60 level.
Major Support Level – $200
Major Resistance Level – $250
Charts address – Trading View, Bitfinex
