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Crypto Technicals: Bitcoin Gold extends choppy trade, finds strong support at 4H 200-SMA

BTG/USD chart - Trading View 

Exchange - Binance

Support: 24.08 (4H 200-SMA); Resistance: 29.3075 (Upper BB)

Technical Analysis: Bias Neutral to Slightly Bearish

Bitcoin Gold is extending choppy trade around 20-DMA, bias is neutral to slightly bearish.

The pair has bounced off 4H 200-SMA support (currently at 24.08).

Bearish divergence in RSI and Stochs keeps scope for downside.

Major trend remains bullish, no major signs of reversal seen.

Break below 4H 200-SMA could see dip till 55-EMA at 22.2361.

Bullish invalidation only below 200-DMA. 

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

By Anupama Grandhi
  • Market Data
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