• Tue, 12 Nov 2019, 12:49 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BTG/USD set to resume upside, correction halts at daily cloud

Tue, 09 Jul 2019, 13:34 pm UTC

BTG/USD chart - Trading View

Exchange - Bitfinex

Support: 27.46 (21-EMA); Resistance: 32.54 (June 26 high)

Technical Analysis: Bias turning bullish

BTG/USD spikes higher, extends gains above 21-EMA.

The pair was trading at 28.789, up 3.64% at around 13:15 GMT.

Price action has broken above 20-DMA and turn in 5-DMA to see continuation of upside momentum.

Major trend has been bullish and correction has found strong support at daily cloud and 55-EMA.

ADX is rising with positive DMI dominance and MACD is on verge of a bullish crossover on signal line.

RSI is biased higher and Stochs are on verge of rollover from oversold levels.

21-EMA is immediate support at 27.46. Break below 55-EMA support will see further weakness.

Scope for test of fresh 2019 highs above 32.54. Next major resistance lies at 55W EMA at 40.636.

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

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,773.09 (+0.45%)
  • Ethereum (ETH) $187.03 (+0.21%)
  • XRP (XRP) $0.273700 (-0.05%)
  • Bitcoin Cash (BCH) $288.34 (+0.74%)
  • Litecoin (LTC) $61.45 (-0.60%)
  • Bitcoin (BTC) $8,773.09 (+0.45%)
Nov 12, 2019 (Tuesday)
12:28
UPS and HerdX track and monitor beef shipment from U.S. to Japan using blockchain technology
12:12
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:10
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:13
China's forex regulator SAFE expands blockchain cross-border financing pilot to 19 provinces
10:12
eToroX adds support for Dash, USDC, USDT and GOLDX/BTC, announces 5 new stablecoins
10:03
Crypto Technicals: XLM/USD downside limited, holds support at 5-DMA
09:19
Crypto Technicals: NEO/USD consolidates around 200-DMA, bias bullish
09:19
CoinMarketCap releases Liquidity metric geared towards filtering out market manipulation
09:02
Bittrex to release funds of frozen accounts following OFAC’s go-ahead but requirements need to be met first
07:50
Film and tech executives to launch blockchain working group at American Film Market
07:39
Crypto Technicals: XRP/USD holds cloud support, intraday bias bearish
07:20
Crypto Technicals: ETH/USD holds 21-EMA support, intraday bias neutral
06:53
Banque de France seeks crypto analyst, development engineer for various financial applications
06:48
Bithumb Global announces native token for its blockchain platform ‘Bithumb Chain’
06:33
Crypto Technicals: BTC/USD holds support at 4H 200 SMA (8666), break below to see more weakness
06:03
BIS appoints Benoit Coeure as the head of new Innovation Hub; Group to foster fintech cooperation between central banks
05:53
Bakkt opens bitcoin custody service to all institutions
04:52
Free 7-week crypto lectures to be launched by venture capital firm Andreessen Horowitz
04:46
Alibaba partners with Lolli to reward shoppers with bitcoin
03:42
Chinese-state run publication releases positive report about Bitcoin
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft