Bitcoin Gold / Dollar may rise to 27.10 - 27.58

Our pivot point is at 25.14.

Our preference

The upside prevails as long as 25.14 is support.

Alternative scenario

Below 25.14, expect 24.34 and 23.85.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 25.46 and 25.50). Finally, the Bitcoin Gold / Dollar has crossed above its upper Bollinger band (26.00).

Supports and resistances

28.56 **

28.07 *

27.58 **

27.10

26.03 last

25.46

25.14 **

24.34 *

23.85 **

Number of asterisks represents the strength of support and resistance levels.