Bitcoin Gold BTG/USD ends the trading week near the 27.24 area. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend in Bitcoin Gold. In the current trading week, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near 26.00, from where it is worth expecting an attempt to rebound and continue the development of the upward trend with the goal above the level of 35.00.
Bitcoin Gold forecast October 29 — November 2, 2018
An additional signal in favor of the growth of cryptocurrency BTG/USD will be the test of the lower boundary of the «Triangle» model, as well as the test of the level of support. Earlier, a signal of average strength for purchases of Bitcoin Gold cryptocurrency was received, due to the crossing of signal lines at the level of 20.50.
Cancellation of the growth option of BTG/USD quotes will be a breakdown of the lower boundary of the indicator cloud and close below 22.00, which will indicate a change in the upward trend in favor of the downward trend. Expect acceleration of growth of quotations is with the breakdown of the upper boundary of the model «Triangle» and closing above the level of 30.00.
Bitcoin Gold forecast October 29 — November 2, 2018 suggests an attempt to develop a correction to the level of 26.00, from which one should expect a rebound and the further fall of cryptocurrency with a potential target near the level of 35.00, the test of the resistance level will come out in favor, the breakdown will be canceled area 22.00, in this case, we can expect continued growth of Bitcoin Gold.