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Crypto Technicals: BTG/USD upside pauses shy of 61.8% Fib, extends consolidation above 1H 110-EMA

Mon, 13 May 2019, 11:13 am UTC

BTG/USD chart - Trading View

Exchange - Binance

Support: 19.15 (21-EMA); Resistance: 25.74 (61.8% Fib)

Technical Analysis: Bias Bullish

BTG/USD retraces from above 25 hit on May 12th, bias still bullish.

The pair has paused upside shy of 61.8% Fib, 'Inverted Hammer' formation raises scope for weakness.

Price action has been grinding lower along with falling 1H 21-EMA which is capping upside.

The pair is consolidating above 1H 110-EMA, break below will see dip till 20.48 (1H 200 SMA).

Momentum with the bulls. 'Golden Cross' on the daily charts keep scope for upside.

Break above 1H 21-EMA will see resumption of upside. Break above 61.8% Fib (25.74) eyes 78.6% Fib at 30.35.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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