Bitcoin Gold BTG/USD is traded at the level of 68.90. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Gold. The test area of Ichimoku Kinko Hyo signal lines near level 72 is expected, from which it is expected to attempt a rebound and continue falling with a target near 60.
Bitcoin Gold forecast & analysis BTG/USD May 10, 2018
An additional signal in favor of falling of the quotes of the crypto currency will be the test of the lower limit of the «Triangle» model. Earlier, a medium strength signal was received for the sell of Bitcoin Gold cryptocurrency, due to the crossing of signal lines at level 76.
The cancellation of the variant of the BTG/USD quotes drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 78, 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 65.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
