Bitcoin Gold BTG/USD is trading at 38. The currency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Gold. Ichimoku Kinko Hyo Cloud near the level 42 is expected to be tested, from which it is expected to attempt a rebound and continue the fall with a target close to 30.
Bitcoin Gold forecast & analysis BTG/USD April 7, 2018
An additional signal in favor of falling quotations of the cryptocurrency will be a resistance level test. Earlier, a strong signal was received for sell of the Bitcoin Gold cryptocurrency, due to the crossing of the signal lines at level 43.
The cancellation of the variant of the BTG/USD quotation drop will be the breakdown of the upper Cloud of the indicator and the closing above the level of 48, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes BTG/USD is with the breakdown of the support area and closing below the level of 35.