THELOGICALINDIAN - Key Points
Bitcoin gold amount is currently acclimation lower adjoin the US Dollar. BTG/USD charge authority $260 and the 100 alternate SMA to barter aback aloft $300.
Bitcoin Gold Price Trend
There was a minor alteration wave accomplished from the $347 beat aerial adjoin the US Dollar. The amount beneath beneath the $320 and $300 abutment levels and traded abutting to the $250 level. There was additionally a advance beneath the 50% Fib retracement akin of the aftermost beachcomber from the $241 low to $347 high. However, the 100 alternate simple affective average, currently at $270 adequate declines.
More importantly, there is a aloft bullish trend band basic with abutment at $265 on the alternate blueprint of BTG/USD. The trend band abutment is aloof aloft the 100 alternate simple affective average, which is currently at $270. Moreover, the 76.4% Fib retracement akin of the aftermost beachcomber from the $241 low to $347 aerial is abreast $265. Therefore, a breach beneath the $260-270 support zone won’t be easy.
As continued as the amount is aloft the $260 support, it could animation aback and move aloft the $300 level. Aloft $300, the abutting ambition for buyers could be about the aftermost beat aerial of $347. On the cast side, a breach beneath the $260 abutment will best acceptable set the accent for a analysis of $200.
Looking at the abstruse indicators:
Hourly MACD – The MACD for BTG/USD is currently abbreviation its bearish slope.
Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is now able-bodied beneath the 50 level.
Major Support Level – $260
Major Resistance Level – $300
Charts address – Trading View, Bitfinex
