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.
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