THELOGICALINDIAN - Key Points
Bitcoin gold amount is accepting clip aloft $280 adjoin the US Dollar. BTG/USD ability anon barter appear $350 or it could alike breach it.
Bitcoin Gold Price Support
There was a solid upside move in bitcoin gold amount as it confused aloft the $250 attrition adjoin the US Dollar. The amount was additionally able to move aloft the $280 resistance, which opened the doors for added gains. It afresh traded aloft $300 and formed a aerial at $319.32. Later, it started a downside alteration and confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $218 low to $319 high.
However, the downside move was prevented by a above bullish trend band with accepted abutment abreast $280 on the alternate blueprint of BTG/USD. Moreover, the 38.2% Fib retracement akin of the aftermost beachcomber from the $218 low to $319 aerial additionally acted as a support. The brace is now affective aback college and looks set to breach the $319 high. Above the mentioned $319, the amount ability ambition the $350 level.
The all-embracing trend is positive for bitcoin gold and the amount is acceptable to barter aloft $319 in the abreast term. On the downside, the $280 akin is a above abutment and buy zone. Below $280, the $250 akin is the abutting support.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is currently in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is currently affective college appear the 70 level.
Major Support Level – $280
Major Resistance Level – $320
Charts address – Trading View, Bitfinex
