Trading recommendations: Bitcoin Gold(BTG), Stellar(XLM), NUBITS(NBT), CIVIC(CVC)
Bitcoin Gold, Resistance from 100-Day EMA
Bitcoin Gold price is facing combined resistance from 20-Day EMA, 50-Day EMA and 100-Day EMA. As can be seen from the chart,100 day moving average had acted as resistance line in last three months. The MACD is also sending bearish signal. The MACD line is in the negative zone, below the centerline. However, if the Bitcoin Gold price crosses the 100-Day EMA line and also 50-Day EMA line breaks above the 100-Day EMA then the stock is likely to be a bullish bet.
https://www.tradingview.com/chart/BTGBTC/doWjkkOx-Bitcoin-Gold-Resistance-from-100-Day-EMA/
The Big Short Stellar
Stellar coin price is currently in a bearish trend. The coin price has declined from 5.8k at the start of the year to 4.3k now. The coin has also had a downside gap indicating likely continuation of bearish trend. If at these days the MACD will below the zero centerline confirming the continuation of negative trend.
Technically the bright spot will the free fall stopped right at first support. This shows reluctance by holders to let the coin go any cheaper. When RSI will indicating that the Stellar price is oversold to extreme levels, if support holds true, a move to 3k can be expected.
https://www.tradingview.com/chart/XLMBTC/2PeqXHrj-The-Big-Short-Stellar/
NBT OVERSOLD = BTC OVERBOUGHT
If point of control holds true support level, a move back to 10k can be expected and an attempt to fill the gap created by the sell off. Resistance is strong at 12k. The back fill would capitulate at just above that level so an attempt can be expected to happen soon.
Also, NBT price has hit the lower of the Bollinger bands, indicating that the price is likely to go up. Confirming this trend reversal, RSI indicates that the coin is in oversold zone. The divergence between MACD line and signal line has also widened indicating a likely increase in prices.
https://www.tradingview.com/chart/NBTBTC/CWztCYch-NBT-OVERSOLD-BTC-OVERBOUGHT/
CIVIC is completing a double bottom
Technically CIVIC(CVC) is completing a double bottom. But this isn’t a true picture of its current state. It needs to reach 3.8k and move through that to complete the formation at which time the next headwinds appear at 4k. There's no a crossover forming in the momentum indicators which is positive for example the RSI is below 50 indicating a bearish trend, the MACD is still below centerline that confirming the token price under pressure from strong Bitcoin.
Cryptotraders will see 3.9k as an entry point but technically the token is a hold until it takes out 4k convincingly. The technical danger appears as it approaches that level which if Civic token could start a bearish triple top. If that happens support remains at 2.5k.
https://www.tradingview.com/chart/CVCBTC/1OQfSr6e-CIVIC-is-completing-a-double-bottom/
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