Ubiq is finally approaching an end to its yearly downtrend! In light of recent btc movement, a number of alts have been on the rise, and fresh profits have been flowing into alts, but ubq has remained relatively quiet with low volume. A great opportunity to play the breakout when the time comes. Been accumulating between 10-13k -all buy orders have been hit....
From a long-term perspective, Ubiq looks attractive as it tightens up on the 385-day old resistance line. If we see a break upwards, my first 2 targets are ~35k and ~50k. In the event that we break downwards, the ~10k area should hold as strong support.
The rate retested the broken uptrend line and now is located much below it. valid breakdown below the 0.00017750 level and below the sliding line (sl) will confirm a further drop on the Daily chart.
Clear tightening pattern on UBQ/BTC's weekly chart. Break is likely after a few more weekly candlesticks. Technically broke bearish this week but with rounding I would call it a double bottom. Also, there has been no follow through on the break. The daily chart is bouncing from oversold conditions as well. Could be a bear flag or an opportunity for a bounce after...
Just looking at the triangle pattern again. I'm feeling confident this pattern will repeat. A lot of similar indicators on both occasions. Another one with a similar chart is $GEO and I am extremly bullish on both. We should see the bounce start within the next 7 days.
UBIQ currently stuck between the support and resistance levels. The support is the 78.4% Fibonacci retracement level, that is 17.8k satoshis. This level has been rejected cleanly back on 1st of April. Although UBQ/BTC went up, it found the resistance at 30.5k satoshis, that previously acted as the support as well as resistance. The trading between 17.8k support...
Ubiq is inside of huge triangle as we can chekc on the Daily. Three confirmation of descending trendline and i think we are going to break it soon. Ubiq is consolidating right now and it may take some time to do some jumps up. It can drop one more time for another leg before its going to explode. Look for buy around 23 - 24k sats -1.50% Stop loss :...
PUT ON YOUR FUKIN SPACE HELMETS ALT SPRING IS HERE Exit all stock markets. Enter crypto and resource markets. @j0hnnicage
Or jaws of death, depending on your level of intelligence & finesse. Buy the fuck out of this between 23k-28k satoshi's and enjoy your summer on an island somewhere instead of pushing papers for fucking Jim. Fuck Jim.
Coin : BITTREX:UBQBTC Buyzone : 26000 - 27000 Target : 42000 Stop Loss: 23270 Like / Follow if it helps. Happy trading :)