THELOGICALINDIAN - Key Points
Bitcoin gold amount is affective lower adjoin $220 adjoin the US Dollar. BTG/USD struggled to move aloft $250 and is currently beneath pressure.
Bitcoin Gold Price Resistance
There was yet addition test of the $260 attrition in bitcoin gold amount adjoin the US Dollar. The amount already afresh was not to move aloft the $250 and $260 attrition levels. A new downside beachcomber was accomplished and the amount confused beneath the $240 support. There was additionally a abutting beneath the $235 akin and the 100 alternate simple affective average. It seems like the amount is beneath burden and may abide to attempt to move college aloft $250.
On the downside, there is a appropriate abutment basic about the $220-225 levels. There were a brace of rejections from $220 and the amount may already afresh acquisition bids abreast $220. Should there be a breach beneath $220, the amount could decline further appear $200. On the upside, an antecedent attrition is about the 23.6% Fib retracement akin of the aftermost abatement from the $261 aerial to $224 low. There is additionally a above bearish trend band basic with attrition at $250 on the alternate blueprint of BTG/USD.
An boilerplate attrition is about $243 and the 100 alternate simple affective average. Moreover, the 50% Fib retracement akin of the aftermost abatement from the $261 aerial to $224 low is at $244. Therefore, it seems like $245 is additionally an important attrition afore $250.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is currently in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is abreast 40 and is branch south.
Major Support Level – $225
Major Resistance Level – $245
Charts address – Trading View, Bitfinex
