Crypto Technicals: Bitcoin Gold at 6-month lows, momentum strongly bearish

BTG/USD chart - Trading View

Exchange - Bitfinex

Support: 10.174 (Lower BB); Resistance: 13.881 (21-EMA)

Technical Analysis: Bias Bearish

BTG/USD in the red for the 7th straight week, trades 0.51% lower at 11.136 at 08:30 GMT.

The pair holds support at $11, 'Death Cross' (bearish 50-DMA crossover on 200-DMA) keeps scope for further downside.

Price action has hit 6-month lows (unseen since Feb 2019), momentum strongly bearish.

Major and minor trend are bearish as shown by the GMMA indicator. MACD and ADX support weakness.

Oscillators are at oversold territory, however, no signs of reversal seen on charts as of now.

Immediate support below 11.0 handle lies at 88.6% Fib at 10.886. Break below will see weakness till 8.10 (Jan 28 low).

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