BTG/USD chart - Trading View
Exchange - Bitfinex
Support: 19.77 (50W SMA); Resistance: 23.82 (110-EMA)
Technical Analysis: Bias Bearish
BTG/USD is consolidating slump below 110-EMA, bias is bearish.
Price action holds above 21 handle, scope for further weakness.
The pair has formed a 'hammer' and 'spinning top' at lows which hampers downside.
Stochs and RSI are sharply lower and bearish divergence adds to the downside bias.
Price has broken below 21W EMA (22.95) and is now on track to test 50W SMA at 19.77.
Further weakness will see downside till 200-DMA at 18.45.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
