THELOGICALINDIAN - Key Points
Bitcoin gold amount is boring affective college adjoin $250 adjoin the US Dollar. BTG/USD charge breach aloft the $210-220 abutment breadth to abstain a downside break.
Bitcoin Gold Price Resistance
There was a downside reaction in bitcoin gold amount afresh adjoin the $210 abutment breadth adjoin the US Dollar. The amount traded as low as $210.08 and after started an upside correction. It succeeded in affective aback aloft the $220 level. Moreover, there was a breach of the 50% Fib retracement akin of the aftermost abatement from the $273 aerial to $210 low.
However, the upside move faced sellers abreast $260. There was no abutting aloft the $260 akin and the amount bootless to accretion pace. There was additionally a bounce from the 61.8% Fib retracement akin of the aftermost abatement from the $273 aerial to $210 low. Sellers dedicated the 100 alternate simple affective boilerplate abreast $245 and as a result, there was no upside break. At the moment, it seems like there is a concise ascendance approach basic with attrition at $255 on the alternate blueprint of BTG/USD. The brace has to move higher aloft the $255 and $260 levels.
Should there be a abutting aloft $260, there can be added assets against $300. Having said that, a breach aloft the $260 akin won’t be easy. On the downside, the brace has to break aloft $220 to abstain added declines.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is attempting to move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is aloof beneath the 50 level.
Major Support Level – $220
Major Resistance Level – $255
Charts address – Trading View, Bitfinex
