Bitcoin Gold / Dollar may fall to 18.76 - 19.13

20.96 is our pivot point.

Our preference

The downside prevails as long as 20.96 is resistance.

Alternative scenario

Above 20.96, look for 21.61 and 21.99.

Comment

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 21.56 and 22.11). Finally, the Bitcoin Gold / Dollar has penetrated its lower Bollinger band (20.28).

Supports and resistances

21.99 **

21.61 *

20.96 **

20.71

19.96 last

19.13

18.76 **

18.39 *

18.01 **

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