BTG perhaps on bottom

BITFINEX:BTGUSD   Bitcoin Gold / U.S. Dollar
BTG is still alive! There is more volume in trading in this coin, than in other altcoins. So this is good news. And - even if it´s not 1:1 correlated to BTC the correlation is rather high - as can be seen in the graph.
If BTC remains above the actual support - as I´ve mentioned in my BTC- analysis - this means for BTG that it also will stay above the support 40$ (swing trend line ).
Combining the last dips we see a small ascending trend.
Of course, in the long run BTG is still in a bearish cycle, as the majority of all crypto coins and tokens.
So it has to break the long descending trend line (dotted) before initiating a new trend.
The first aim could be 56$ (swing trend line ) and then the last swing trend line at 78$.

This only will happen if BTC also climbs (and other altcoins too).
But this is no fairy tale, it is very possible.

On the other hand, if BTG plumps down and breaks the support at 40$ it is probable that a new all time low will be seen.

RSI in neutral zone and above ascending trend line
ADX: trendless
EMA 50: turning from bottom to up, and BTG just on the line
volume: good, should be enough for new dynamic

Trade active:
Will it be a cup with handle?
Comment: New aim (high): 118$ ; fib retracement 78.6% and a swing trend line
new stop: 60$
Trade active:
seems like BTG is really forming the cup with handle
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