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Crypto Technicals: BTG/USD edges lower from weekly highs at 18.88, bias higher

BTG/USD chart - Trading View 

Exchange - Bifinex

Support: 17.00 (200-DMA); Resistance: 19.50 (Trendline)

Technical Analysis: Bias Bullish

- BTG/USD has retraced from weekly highs at 18.88, bias bullish
- The pair is extending gains above 200-DMA and we see scope for further upside
- Stochastics RSI indicator is on verge of retrace from oversold levels, RSI has turned
- GMMA has shown a shift in trend with shorter term averages edging above the longer term averages
- Technical indicators support further upside in the pair. Scope for test of 19.50 (trendline resistance)
- 200-DMA is immediate support at 17.00, break below 21-EMA to see downside till 110-EMA at 14.91

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

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