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.