UnikoinGold recently seem to have found the bottom as the 261.8% Fibonacci support at 1730 satoshis has been rejected. If price stays above that support, avoiding daily close below 1685 satoshis low, the trend reversal or a correctional move up could take place.
The very strong resistance is seen at 2770 satoshis, that previously acted as a resistance as well as support. But this could be the very beginning of a stronger reversal, if that resistance will be broken. Break and close above it could start a stronger move north, and might establish a longer term uptrend.
For UKG/BTC to continue the downtrend price needs to break below 1685 low. In that case bullish outlook would be invalidated.
Source: http://cryptopost.com/unikoingold-vs-bitcoin-bottom-reached/
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