📈 Daily TA: Bitcoin Gold (BTG/USD)

Hodl, dear members of LeoFinance!

Today, I would like to comment on the price chart of Bitcoin Gold.

In the weekly chart (1W), BTG/USD has formed a Symmetrical Triangle: As can be seen from the chart, right now, the price is consolidating at the upper line of the triangle. If a breakout takes place then the uptrend may start.

In the daily chart (1D), the price of Bitcoin Gold is at a crossroads as well. Right now, BTG/USD is consolidating at the 30-day Moving Average (MA 30) and the 90-day Moving Average (MA 90): So, it is highly probable that very soon BTG/USD will start moving in a certain direction.

To be continued ...

As of the time of writing, one BTG costs $63,56 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

Check @crypto-guides to learn about the essentials of the major cryptocurrencies.

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📈 Daily TA: Bitcoin Gold (BTG/USD) | 05-11-2021