UBQ
Updated
UBQ trying to reverse (symmetrical triangle).
Good Buy
Fibonacci shows 78% retracement from huge increase in May 2017
4hr MACD uptrend
Strong support at 25k
Bad Buy
If break through support, next strong support is at 10k - 12k
Bear market
MACD quite extended. Expect short term downtrend
Uptrend Confirmations
Found good support on 50MA and starting to curve. Hope for a golden cross with 100MA. Hourly
MACD on the 1h indicating an uptrend.
MACD on the 4h indicates an uptrend is in progress.
Clear breakout above resistance line
Downtrend Continuation
Break through 50MA
MACD 1h could cross and begin downtrend.
Fail to keep above resistance line
Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D
Short term Target - 32k/35k
Mid/long Target - 40k above
Stop-loss - 22.5k
Good luck!
Good Buy
Fibonacci shows 78% retracement from huge increase in May 2017
4hr MACD uptrend
Strong support at 25k
Bad Buy
If break through support, next strong support is at 10k - 12k
Bear market
MACD quite extended. Expect short term downtrend
Uptrend Confirmations
Found good support on 50MA and starting to curve. Hope for a golden cross with 100MA. Hourly
MACD on the 1h indicating an uptrend.
MACD on the 4h indicates an uptrend is in progress.
Clear breakout above resistance line
Downtrend Continuation
Break through 50MA
MACD 1h could cross and begin downtrend.
Fail to keep above resistance line
Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D
Short term Target - 32k/35k
Mid/long Target - 40k above
Stop-loss - 22.5k
Good luck!
Note
forming a bearish flag. Be careful friends! :)Note
UBIQ is still going strong but I wonder how long can this last. Looks like a bearish flag formation. BTC is on the move upwards with investors still preparing for the fork and bitcoin gold, high chance UBIQ may topple down before making another run upwards. So stand by. :)Note
ouch so BTC's movement hurt this badly.. stop loss people!!Trade closed: stop reached
Formed a bearish flag and it toppled over the support lines. Hope you've set stop-losses. =)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.