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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.
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