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Crypto Technicals: Bitcoin Gold holds 21-EMA support, upside resumption likely on break above 61.8% Fib (25.75)
BTG/USD chart - Trading View
Exchange - Binance
Support: 20.98 (21-EMA); Resistance: 25.75 (converged 61.8% Fib and trendline)
Technical Analysis: Bias Bullish
Bitcoin Gold bounces off 21-EMA support, trades 10.15% higher at 23.78 at 14:10 GMT.
The pair has retraced from session highs at 25.58, finds stiff resistance at 25.75 (converged 61.8% Fib and trendline).
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.
Break below 21-EMA will see retrace till 50-DMA. Bias will turn bearish on breach below 200-DMA.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.