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FxWirePro- Key Crypto Updates

FxWirePro- Major Crypto levels and bias summary

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Crypto Technicals: 'Golden Cross' confirmed on BTG/USD, scope for gains till 61.8% Fib (25.74)

Thursday, May 9, 2019 12:32 PM UTC

BTG/USD chart - Trading View

Exchange - Binance

Support: 19.82 (5-DMA); Resistance: 21.50 (Trendline)

Technical Analysis: Bias Bullish

- Bitcoin Gold pauses upside at 22 handle, retraces below trendline resistance at 21.50

- Price action is above major moving averages and daily cloud, bias bullish

- GMMA indicator shows bullish shift in near-term trend

- Volatility is expanding, MACD and DMI also support upside

- 'Golden Cross' formation has been confirmed on daily charts adding to bullish bias

- Stochs and RSI are at overbought levels which could see minor correction

- We recommend going long on dips, scope for gains till 61.8% Fib at 25.74

- 5-DMA is immediate support at 19.82. Break below 21-EMA to see dip till 16.10 (200-DMA)

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

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Crypto Technicals: 'Golden Cross' confirmed on BTG/USD, scope for gains till 61.8% Fib (25.74)

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