In my last analysis I´ve seen one or two "Cup with handles" - but I was wrong.
The crash in bitcoin has forced the price of BTG down and all trend lines have been broken.
This is and remains the main risk for the next time!
IF BTC won´t fall on deeper prices and IF it stabilizes then I see some good chances for BTG.
first aim: fib retracement at 61.8% (328$)
second aim: fib retracement at 78.6% (394$)
stop: 38.2% (235$)
other indicators:
MACD: triggered and climbing- positive
RSI: >50 (positive)
Volume: low (negative)
MA 12: climbing (positive)
The crash in bitcoin has forced the price of BTG down and all trend lines have been broken.
This is and remains the main risk for the next time!
IF BTC won´t fall on deeper prices and IF it stabilizes then I see some good chances for BTG.
first aim: fib retracement at 61.8% (328$)
second aim: fib retracement at 78.6% (394$)
stop: 38.2% (235$)
other indicators:
MACD: triggered and climbing- positive
RSI: >50 (positive)
Volume: low (negative)
MA 12: climbing (positive)