• BTG/USD is falling in a bearish triangle formation.
  • The MACD indicator shows an upcoming reversal of bullish momentum.

BTG/USD daily chart

BTG/USD daily chart

BTG/USD is on course of charting a third straight bearish day. So far this Thursday, BTG/USD fell from $10.75 to $10.37, falling below the $10.50 level, in the process. This three-day downward spiral got triggered when the asset failed at the $11.55 level. This Wednesday, BTG/USD fell below the SMA 200 curve, which is now acting as the immediate market resistance.

The MACD line has touched the signal line, which indicates an upcoming reversal in bullish momentum, while the Elliott Oscillator has had five consecutive red sessions. Over the last three days, the RSI indicator dropped from 64.55 to 59.35, indicating that the market is going through a sell-off period
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD Price Analysis: Steps back from 50-day SMA inside rising wedge

While stepping back from 50-day SMA, BTC/USD takes rounds to 7,305 amid early Friday. Even so, the crypto leader stays inside the rising wedge bearish technical formation. Hence, sellers will wait for the confirmation of the bearish technical ...

More Bitcoin News

Ripple Price Analysis: XRP struggles at the 0.20 once again

Ripple remains in a bullish trend on the 4-hour chart below. The price continues to make higher highs and higher lows but it seems the bulls have stalled at 0.20. That is noticeable on the volume ...

More Ripple News

Monero Price Analysis: The Gann fan line and psychological level 60.00 have been rejected

Monero is having another positive session despite stalling at the psychological 60.00 level. The chart is still a bullish one with the pair continuing to make higher lows and higher highs.

More Monero News

TRON Price Analysis: TRX hits a brick wall at the 55 EMA

TRON has been on quite the run since hitting the swing low on March 13th but now it seems the altcoin has run into some problems. This wave of higher lows and higher highs could come to an end as the price stalled at the 55 exponential moving average. 

More TRON news

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC breaks its ties with stocks, strives to return its safe-haven status

Most part of the week Bitcoin has been on the recovery path. Slowly but surely the coin left $6,500 behind and even tested waters above $7,000.

Read the weekly forecast

BTC

ETH

XRP