Crypto Technicals: BTG/USD retraces dip below 200-DMA, bias higher

BTG/USD chart - Trading View 

Exchange - Bifinex

Support: 16.86 (200-DMA); Resistance: 17.61 (38.2% Fib)

Technical Analysis: Bias Neutral to Slightly Bullish

- BTG/USD has paused three straight sessions of downside at 21-EMA support
- The pair is trading 2.4% higher on the day at 17.20 at 1145 GMT, bias higher
- Price has retraced dip below 200-DMA and we see weakness only on decisive break below
- RSI is holding above 50 levels and price action is above major EMAs
- GMMA indicator has shown a shift in near-term trend, short-term moving averages have edged above long-term moving averages.
- Price action hovers around 5-DMA at 17.22, break above targets 38.2% Fib at 17.61 and then trendline resistance at 19.35

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