Bitcoin Gold BTG/USD is trading at 24.78. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend. As part of the Bitcoin Gold forecast & analysis BTG/USD October 15, 2018, the test of the Ichimoku Kinko Hyo signal lines is expected near the level of 25.30, from which one can expect an attempt to rebound and continue falling BTG/USD cryptocurrency with a potential target near the level of 21.00.
Bitcoin Gold forecast & analysis BTG/USD October 15, 2018
An additional signal in favor of lowering the BTG/USD digital currency quotes will be a rebound from the resistance area, as well as a test of the lower border of the ascending channel. Earlier, a weak signal was received for sell of Bitcoin Gold cryptocurrency, due to the crossing of signal lines at 27.50.
Cancellation of the drop in BTG/USD quotes option will break the upper limit of the Ichimoku Kinko Hyo Cloud and close above the level of 27.00. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in prices BTG/USD stands with the breakdown of the support area and closing below the level of 23.50.
Bitcoin Gold forecast & analysis BTG/USD October 15, 2018 involves an attempt to correct the cryptocurrency and resistance test near 25.30, from which it is expected to continue falling Bitcoin Gold with a potential target near the 21.00 level, strong growth and a breakdown of the 27.00 area, which will indicate continued growth of the digital asset.
