THELOGICALINDIAN - Key Points
Bitcoin gold amount is accepting clip aloft $300 adjoin the US Dollar. BTG/USD ability anon advance college against the $340 and $350 levels.
Bitcoin Gold Price Support
There was a bullish amount action in bitcoin gold amount aloft the $250 abutment adjoin the US Dollar. The amount circumscribed aloft the $250 abutment for some afore starting an upside move. It confused aloft the $300 attrition and acclimatized aloft the 100 alternate simple affective average. It alike traded aloft the $320 attrition and formed a aerial abreast $340 afore starting a downside correction.
It afresh activated the $285 abutment breadth and confused aback aloft $300 and the 50% Fib retracement akin of the aftermost abatement from the $340 aerial to $288 low. The accepted amount activity is absolute aloft the $300 akin and the 100 alternate SMA. It seems like there is a aloft ascendance approach basic with abutment at $300 on the alternate blueprint of BTG/USD. The brace is afterward the approach accurately and it ability anon attempt a break aloft the $340 and $350 levels.
On the upside, an average attrition is about the 61.8% Fib retracement akin of the aftermost abatement from the $340 aerial to $288 low. As continued as the amount is aloft the $300 abutment level, it charcoal in the bullish area with ambition as $350.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD ability anon move into the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is aloof aloft the 50 level.
Major Support Level – $300
Major Resistance Level – $320
Charts address – Trading View, Bitfinex
