THELOGICALINDIAN - Key Points
Bitcoin gold amount is boring affective college appear $300 adjoin the US Dollar. BTG/USD is captivation the $240 abutment and is eyeing added gains.
Bitcoin Gold Price Support
There was a breach above the $280 resistance in bitcoin gold amount adjoin the US Dollar. The amount traded as aerial as $295.58 afore it started a downside correction. It confused beneath the 38.2% Fib retracement akin of the aftermost beachcomber from the $190 low to $295 high. However, the downside move was adequate by the $240 abutment and the 100 alternate simple affective average.
Moreover, there is a acute ascendance approach basic with abutment at was a breach aloft a aloft bearish trend band at $230 on the alternate blueprint of BTG/USD. The approach abutment and the 100 alternate SMA acted as a aloft buy area aloft $240. Lastly, the brace begin bids abreast the 50% Fib retracement akin of the aftermost beachcomber from the $190 low to $295 high. Therefore, it seems like the $240 abutment bounce was important and the amount is now set for an upside move.
The amount ability arch college appear the $280 resistance. Once there is a breach aloft the $280 level, the amount can retest the $295 high. Aloft the mentioned $295, the amount will best acceptable move aloft the $300 level.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is currently hardly in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is currently aloof aloft the 50 level.
Major Support Level – $240
Major Resistance Level – $300
Charts address – Trading View, Bitfinex
