Bitcoin Gold BTG/USD is trading at 27.23. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates an uptrend. As part of the Bitcoin Gold forecast & analysis BTG/USD October 29, 2018, a test of Ichimoku Kinko Hyo signal lines is expected near the level of 27.00, from which one can expect an attempt to rebound and continue to grow the BTG/USD cryptocurrency with a potential target near the level of 29.00.
Bitcoin Gold forecast & analysis BTG/USD October 29, 2018
An additional signal in favor of the growth of BTG/USD digital currency quotes will be a rebound from the support area, as well as a test of the lower boundary of the upward channel. Earlier, a signal of average strength was obtained for sales of Bitcoin Gold cryptocurrency, due to the crossing of signal lines at the level of 27.00.
Cancellation of the growth option of BTG/USD quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud and close below 26.00. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. Expect to accelerate the growth of the BTG/USD quotes with the breakdown of the resistance area and closing above the level of 28.00.
Bitcoin Gold forecast & analysis BTG/USD October 29, 2018 involves an attempt to correct the cryptocurrency and the support area test near 27.00, from which we can expect the Bitcoin Gold rate to continue to grow with a potential target near the 29.00 level, the fall and the breakdown of the 26.00 growth rate, indicating on the continued decline of the digital asset.