BTG/USD chart - Trading View
Exchange - Bitfinex
Support: 9.10 (Dec 7th 2018 low); Resistance: 12.402 (21-EMA)
Technical Analysis: Bias Bearish
Bitcoin Gold is extending weakness for the 8th straight week, hits 7-month lows at 10.115.
BTG/USD was trading at 10.490 at 09:30 GMT, down 0.74% at the time of writing.
Momentum strongly bearish. Oscillators are at oversold levels, but no signs of reversal seen.
'Death Cross' keeps downside pressure, volatility is rising as indicated by the expanding Bollinger bands.
Minor recovery attempts remain capped at 5-DMA. Scope for further downside. Next major support lies at 9.10 (Dec 2018 low).
Bullish divergence and oversold oscillators keeps scope for upside. Break above 21-EMA (12.394) will confirm near-term upside.
