Bitcoin Gold - Forget about a fast bounceback after 10% decline

Bitcoin Gold has shown the biggest price decline out from the top 50 coins. Its rate has decreased by around 10% over the last day.

On the 1H chart, BTG is facing a downtrend, and the coin has lost 10% of its price once Head and Shoulders pattern is formed. Although today’s price decline is a dump, Bitcoin Gold is not likely to recover fast. The RSI indicator is going up, suggesting that sellers have not left the market yet. In this case, the price will locate in the yellow corridor until the first day of August.