# Crypto Technicals: 'Golden Cross' confirmed on BTG/USD, scope for gains till 61.8% Fib (25.74)

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/investing/1820
Published: 2019-05-09T12:38:18.000Z
Updated: 2019-05-09T12:38:18.000Z
Section: Investing

> BTG/USD chart - Trading View Exchange - Binance Support: 19.82 (5-DMA); Resistance: 21.50 (Trendline) Technical Analysis: Bias Bullish - Bitcoin Gold pauses upside at 22 handle, retraces below trendline resistance at …

[BTG/USD](<https://www.tradingview.com/symbols/BTGUSD/>) chart - Trading View

Exchange - Binance

Support: 19.82 (5-DMA); Resistance: 21.50 (Trendline)

Technical Analysis: Bias Bullish

- Bitcoin Gold pauses upside at 22 handle, retraces below trendline resistance at 21.50

- Price action is above major moving averages and daily cloud, bias bullish

- GMMA indicator shows bullish shift in near-term trend

- Volatility is expanding, MACD and DMI also support upside

- 'Golden Cross' formation has been confirmed on daily charts adding to the bullish bias

- Stochs and RSI are at overbought levels which could see a minor correction

- We recommend going long on dips, scope for gains till 61.8% Fib at 25.74

- 5-DMA is immediate support at 19.82. Break below 21-EMA to see dip till 16.10 (200-DMA)

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).

## Links in this article

- [BTG/USD](https://www.tradingview.com/symbols/BTGUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)