Crypto Technicals: BCH/USD fails to extends weakness below 200-DMA, retrace above will see upside resumption
FxWirePro: Cable’s hammer takes-off rallies above DMAs, Can bulls breakout descending triangle in major trend?
Crypto Technicals: Bitcoin Gold consolidates below 61.8% Fib, 'Golden Cross' keeps bias bullish
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.