Bitcoin Gold BTG/USD is trading at 190. The cryptocurrency 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 200 level is expected to be tested near the 200 level, from which it is expected to attempt a rebound and continue the fall with the target close to 140. An additional signal in favor of the drop in the price of the cryptocurrency will be a resistance level test.
Bitcoin Gold forecast and analysis for January 29, 2018
Earlier, a weak signal was received for buy of Bitcoin Gold cryptocurrency, due to the crossing of signal lines at level 185. The cancellation of the variant of the BTG/USD quotation drop will be the breakdown of the upper bound of the Cloud of the indicator and the closing above the level of 210, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BTG/USD is with a breakdown of the support level and closing below 150.
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