Bitcoin Gold BTG/USD is trading at the level of 51.70. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Gold. The test area of Ichimoku Kinko Hyo signal lines near level 50 is expected, from which it is expected to attempt a rebound and continue the fall with a target close to 60.
Bitcoin Gold forecast & analysis BTG/USD April 17, 2018
An additional signal in favor of the growth of quotations of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a medium strength signal was obtained for buy of Bitcoin Gold cryptocurrency, due to the crossing of signal lines at level 42.
The cancellation of the growth of BTG/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below level 43, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTG/USD stands with the breakdown of the resistance area and closing above the level of 55.
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