✳️Utrust/USDT (10/11) View + Trading Plan #UTK $UTKUTK is still having trouble in closing a 1D candle above the 0.14$ zone, and after a sharp rise to the 0.16$ zone, it was strongly rejected, so the trend of UTK has turned to downtrend and the heading targets are 0.11$ zone and 0.09$ zone
Only when UTK closes a 1D candle above the 0.14$ zone, it will move up to the 0.17$ zone
📈BUY- LONG
-Buy: 0.105-0.11$, stoploss if B
-Buy: 0.09-0.095$, stoploss if B
📉SELL-SHORT
-Sell close to 0.135-0.14$, stoploss if A
-Sell: 0.105-0.11$ if B, stoploss if A
♻️BACK-UP
-Buy close to 0.135-0.14$ if A, stoploss if B
-Sell: 0.17-0.175$, stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
UTKUSD
UTK/BTC (Retest Support>Will it Hold?)💎Technical Analysis Summary💎
KUCOIN: UTKBTC
-UTK found temporary support around 820s sat
-This is a good sign in the short term
-The price is now retesting its previous bounce rally
-Will this support hold on the 2nd test?
-If it does, UTK may go up to 940s sat or higher
-But if the Bulls will fail, the downside target is 700s sat
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UTK/BTC (Support Breakdown)💎Technical Analysis Summary💎
KUCOIN: UTKBTC
-UTK broke its key level of support around 1000s sat
-The daily candle looks bearish if this will close after 7 hours
-If this will form a bearish flag in the coming days
-The potential downward target is the 200MA or somewhere around 700s sat
-Please always follow your stop loss location or reduce position size
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Please Exercise Risk Management 💱
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UTK/BTC (Strong Daily Resistance Rejection?)💎Technical Analysis Summary💎
KUCOIN: UTKBTC
-UTRUST got rejected at the strong daily resistance area
-The price drops more than -30% its value
-Currently, It is forming a potential Bear flag
-With a downside target around 1100-1000 sat or key support area
-Confirmation of this pattern if its local support around 1290 breaks
-If you have a Buy position right now, please use proper stop loss location
-Always follow your trading plan and focus on the Technical side
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UTK SLEEPING BEAUTYI dont think many are paying attention to utk at the moment
but the people at utrust have be delivering solid product for years now
I would expect utk to surpass the all time high of $1.40 by some multiple by 2021
not financial advice
UTK MEASURED MOVEUTK has broken out of the downtrend and it looks like it wants to break the long term resistance line at .096
it took 20 weeks for UTK to reach this line
a similar move up from this resistance would put UTK at $1.70
opinion: UTK has delivered a quality crypto payments platform. will the market recognize this? I think the ball is already rolling.
UTK APPROACH MIDLINEUTK approaching the midline of range trading
rank 164 with a market cap of only 31m
this mobile payment platform converts your crypto into instant fiat payments
beats mastercard/visa fees and no reversal of charges is possible
great for businesses
moon it!
UTK MINOR ELLIOTT WAVE 1 & 2as I see it, an impulsive wave 1, driven by large volume, has met with the upper trend limit in red
wave 2 is likely meeting its end at the .02 support
given the history of price attraction to the 18 MA LOWS in black
it is likely that this will be used as support for the wave 3 continuation
wave 3 should be longer than wave 1 and should likely break the red trend limit line
if price begins to find itself below the 18 MA LOWS it could mean waiting until next June for another attempt
all opinions at this point
not trading advice
any Utrust fans out there?
they seem to be delivering the systems that crypto needs for integration into the financial world
UTRUST 6X TO UPPER TREND LIMITUTRUST had a run that translated roughly to 600%
kissing the red upper channel line at the moment
it will likely rest for a while before challenging the price to a break out
I am keeping an eye on this as I plan to add to my bags on the break over this line
not financial advice
UTK BTC HIDDEN GEMUtrust in my opinion is a hidden gem. They have partenership with a huge E-commerce in Germany with GAMBIO
in Q1 2019 they will launch the Utrust commercial platform and also the partenership with this huge e-commerce will live
UTKBTC it s situated into a triangle which will made a huuugee breakout. Bottom was touched in 10 sept 2018
Stoch/Rsi/Macd will oversolded hard.
Team is active with more then 50 developers
Q4 2018 events:
-E-money License
-KYB flow implementation for merchants
-Beta merchant signups
-Integrations for major ecommerce platform
-Dispute system beta
-ICO Escrow system v1
-2 new blockchain integrations
-2 new token integrations
Q1 2019:
-Open source
-Open merchant signup
-Wallet API v1
-Partenerships API v1
-Transactional API v1
-Mobile Wallet v1
-Dispute system v1
-Crypto-to-fiat integration
-2 new blockchain integrations
-2 new token integrations
FIB Targets is in the chart