Cryptocurrency Bitcoin Gold forecast for October 16, 2018

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Cryptocurrency Bitcoin Gold forecast for October 16, 2018

Cryptocurrency Bitcoin Gold BTG/USD is trading at 27.00. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a rising trend. In line with the publication of the us dollar Bitcoin Gold on October 16, 2018, is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 26.00, where we can expect attempt to rebound and continue growth of the cryptocurrency BTG/USD with a potential target near the level of 30.00.

Cryptocurrency Bitcoin Gold forecast for October 16, 2018

An additional signal in favour of growth of quotations of the digital currency BTG/USD will make a rebound from the support area. Earlier it was obtained a weak signal for purchases of Bitcoin Gold, due to the intersection of the signal lines at the 26.00 level.

Cancellation option growth of quotations BTG/USD will breakout of the lower border of the Ichimoku Kinko Hyo Cloud and close below the level of 24.50. This option will point to a change in the rising tendency in favor of the uptrend and the continuing decline in the cryptocurrency. Wait for confirmation that growth of quotations BTG/USD is a breakout of the upper border of the descending channel and close above 29.00.

Thus, the Cryptocurrency Bitcoin Gold forecast for October 16, 2018 is an attempt cryptocurrency correction and test the level of support near 26.00, where we can expect continued growth of the Bitcoin Gold with a potential target near the level of 30.00, with a cancellation option growth of cryptocurrencies will be the drop and the breakdown region 24.50, which indicates the continued reduction of the digital asset.

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