An Uptrend Pattern!MACD and OBV indicators indicate a positive uptrend which confirmed the significant price movement where it crosses above the MA50 line.
Volume is above the MA20 line.
Precaution where RSI is now above 70 range hence indicate UCREST is now overbought.
And expect a price correction of about ~10% from the recent peak.
R 0.230
S 0.190
UCREST trade ideas
Bullish BiasBullish bias emerged above the Double bottom pattern with recent daily price closed with reversal at 61.8% retracement from the previous bullish movement. Resistance is seen at 0.44 and 0.60. On the flipside, a reversal below support at 0.28 could push the price lower.
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UCREST wave 4 near completionUcrest, Primary wave 4 with zigzag ABC corrective pattern. I think it is near completion probably between 0.28 to 0.285.
RSI divergence has formed indicating wave 3 and 5 of subdivision of wave C.
If price breaks resistance 0.32, it may trend higher to 0.37 / 0.485 / 0.87 for wave 5
Ucrest wave 4 near completionUcrest, Primary wave 4 with zigzag ABC corrective pattern. I think it is near completion probably between 0.28 to 0.285.
RSI divergence has formed indicating wave 3 and 5 of subdivision of wave C.
If price breaks resistance 0.32, it may trend higher to 0.37 / 0.485 / 0.87 for wave 5