Bitcoin Gold is now among the top cryptocurrencies by capitalization ($ 5.5 billion)
As soon as BCH entered the top ten zone, it immediately showed a tendency to high-amplitude fluctuations: a 3-fold increase in two days, a fall to the original and again a 2.5-fold increase.
And now another decline from the upper boundary of the large consolidation triangle reached only half of the previous growth. According to the graphical patterns on the daily chart, we see a reversal of the course upwards from the explicit support for $ 280 [/ b]. Consolidation passed between fast and slow moving averages.
Now BTG/USD has stopped directly on the slow moving average, which determines the medium-term direction of movement and its speed.
MA cross in the purchase. The volume of trading increases on the growth rate.
It looks like we are witnessing the birth of a new, steeper wave of growth. Graphically visible targets: from 100% to 200%
The cancellation of this idea is if the price hits a point below $ 280 at the closing of the day. Confirmation - when closing the day above $ 340.
The cancellation of a bullish strategy in principle: with a sell signal from the Moving Average Crossing (MA cross)
Recommendation: buy [/ b][/b]
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Topic: Technical analysis of Bitcoin Gold (Read 167 times)
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