Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: Bitcoin Gold pullback holds support at 55-EMA and cloud, bias turning bullish

Fri, 12 Jul 2019, 09:30 am UTC

BTG/USD chart - Trading View

Exchange - Binance

Support: 29.18 (5-DMA); Resistance: 37.37 June 26 high)

Technical Analysis: Bias turning Bullish

BTG/USD has edged lower from session highs at 31.6501 and was trading 5.46% higher on the day at 30.8740 at 09:00 GMT.

Pullback in the pair has held above 55-EMA and cloud support, bias is turning bullish on daily charts.

MACD is showing a bullish crossover on signal line, raising scope for further upside.

Major trend remains bullish as indicated by GMMA indicator. 5-DMA is sharply higher and volatility is rising on the intraday charts.

Momentum studies are bullish. RSI above 60 shows strength in the current uptrend.

Next immediate bull target lies at 33..58 (June 27 high) ahead of 37.37 (June 26 high).

21-EMA is holding support on the downside at 27.98. Breach at 55-EMA (26.12) negates bullish bias.

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) $8,610.81 (-1.31%)
  • Ethereum (ETH) $166.28 (-1.64%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $341.33 (+0.21%)
  • Bitcoin SV (BSV) $291.61 (-7.74%)
  • Bitcoin (BTC) $8,610.81 (-1.31%)
Jan 22, 2020 (Wednesday)
13:12
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:12
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
13:08
Mastercard, Standard Chartered and others join Singapore’s blockchain-based TradeTrust network to digitize international trade
12:01
Crypto Technicals: BCH/USD finds stiff resistance at 55W EMA at 358.85, break above to propel prices higher
10:48
Crypto Technicals: LTC/USD grinds higher, retraces brief dip below 200H MA
10:47
Square Crypto makes first major project announcement
10:17
Crypto accounting service Cryptio selected for ConsenSys’ Tachyon, reveals plans for 2020
09:08
Binance’s global P2P merchant program goes live
08:54
Huobi Group launches its own crypto brokerage platform
07:40
3 executives including founding team members leave SIX Digital Exchange (SDX)
07:17
Turkish City works on a new cryptocurrency to serve citizens better
06:54
Vodafone quits Facebook’s Libra to focus on own digital payment service M-Pesa
06:54
Crypto Technicals: ETH/USD correction holds above 110-EMA, set to resume upside as bias remains bullish
06:04
Grayscale Bitcoin Trust becomes SEC reporting company
05:42
Crypto Technicals: BTC/USD struggles to extend recovery, 'Death Cross' on hourly charts weighs
05:42
Six central banks team up to explore potential cases for CBDCs
04:46
Australia's APRA wants to supervise digital wallets like Facebook's Calibra
04:26
Didn’t ban cryptocurrencies but ringfenced banks from it, clarifies Reserve Bank Of India
Jan 21, 2020 (Tuesday)
12:25
Brave New Coin announces ‘Twitter Sentiment’ data for bitcoin
11:30
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft