Bitcoin Gold Descending Scallop

Bitcoin Gold has formed a descending scallop against the bitcoin pair. Descending scallops have been surprisingly successful in the cryptocurrency market, possible due to the large abundance of the pattern. This is a bullish reversal pattern. Blue box indicates buy zone on EMA line.
bitcoingoldbitcoingoldbtcbitcoingoldethBTGbtgbtcBTGETHbtglongBTGUSDbtgusdlongChart PatternsTechnical IndicatorsTrend Analysis

Disclaimer