Crypto Technicals: Bitcoin Gold holds above $10 mark, bears strongly in control
Thu, 12 Sep 2019, 06:27 am UTC
BTG/USD chart - Trading View
Exchange - Bitfinex
Support: 8.10 (Jan 28 low); Resistance: 11.555 (21-EMA)
Technical Analysis: Bias Bearish
BTG/USD was trading 1.48% lower on the day at 10.079 at 06:20 GMT, bias strongly bearish.
The pair has been on a downtrend since early July and we see no respite from the bears yet.
Oscillators are at oversold levels and bullish divergence on the daily charts raises scope for upside.
However, no major signs of reversal seen on the charts. 'Death Cross' to plummet prices further.
The pair holds above 10.00 mark. Break below finds little support till 8.10 (Jan 28th low).
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