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Crypto Technicals: Bitcoin Gold consolidates below 61.8% Fib, 'Golden Cross' keeps bias bullish

Thu, 16 May 2019, 11:36 am UTC

BTG/USD chart - Trading View

Exchange - Binance

Support: 17.6586 (50-DMA); Resistance: 25.7401 (61.8% Fib)

Technical Analysis: Bias Bullish

Bitcoin Gold trades 3.5% lower at 23.5393 at 11:20 GMT

The pair has paused gains at 61.8% Fib and finds stiff resistance at 24.5700 (trendline)

Momentum studies are still bullish, no major signs of reversal seen

RSI is at overbought levels and has turned south, scope for some consolidation

A 'Golden Cross' formation on the daily charts keeps bias bullish

Break above 61.8% Fib will see next major resistance at 78.6% Fib at 30.3595

50-DMA is major support at 17.66, bias will turn bearish on breach below 200-DMA

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

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  • Bitcoin (BTC) $9,996.80 (-1.91%)
  • Ethereum (ETH) $186.65 (-0.78%)
  • XRP (XRP) $0.264200 (-0.52%)
  • Bitcoin Cash (BCH) $298.02 (-0.74%)
  • Litecoin (LTC) $72.74 (+0.57%)
  • Bitcoin (BTC) $9,996.80 (-1.91%)
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