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Crypto Technicals: BTG/USD pivotal at 21-EMA (8.238), breakout to see further upside
BTG/USD chart - Trading View
Exchange - Bitfinex
Support: 7.936 (200H SMA); Resistance: 8.235 (21-EMA)
Technical Analysis: Bias Neutral
Bitcoin Gold is extending gradual grind higher for the 4th straight session.
BTG/USD was trading 1.12% higher on the day at 8.052 at 08:35 GMT, bias remains neutral.
21-EMA at 8.235 is offering stiff resistance, breakout will see further gains in the pair.
'Bullish divergence' raises scope for upside. Major trend is bearish, upside could be limited.
Next major hurdle lies at 50-DMA at 9.407. Break above could see gains till 23.6% Fib at 10.735.
5-DMA is immediate support at 7.814. Break below could see dip till lower Bollinger band at 7.297.