Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BTG/USD slips lower, 'Death Cross' on hourly charts plummets prices

Tue, 03 Dec 2019, 07:59 am UTC

BTG/USD chart - Trading View

Exchange - Bifinex

Support: 4.425 (Trendline); Resistance: 6.343 (5-DMA)

Technical Analysis: Bias Bearish

Bitcoin Gold (BTG) trades 4.94% lower on the day at 5.866 at 07:50 GMT.

The pair is extending weakness below 5-DMA, bias has turned bearish, scope for further downside.

'Death Cross' (bearish 50-DMA crossover on 200-DMA) confirmed on the hourly charts adds to the downside pressure.

5-DMA caps upside. Volatility is rising,, Stochs and RSI are biased lower. GMMA shows both major and minor trend are bearish.

Dip till trendline support at 4.425 likely. Further weakness only on break below.

5-DMA is immediate resistance at 6.343. Break above could see minor upside till 21-EMA (6.868).

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,216.83 (+0.12%)
  • Ethereum (ETH) $239.12 (-0.22%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $228.28 (-0.78%)
  • Cardano (ADA) $0.130400 (+4.40%)
  • Bitcoin (BTC) $9,216.83 (+0.12%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft