UTKUSDT trade ideas
UTK USDT Now it's time for alt party!!!
As you can see the trend is upward and I'm looking for an opportunity to enter a long position.
The down trend line (X) has been broken with good volume and the pullback to the line is completed.
I use the fib extension to determine the targets. I think it's a good time for investing in UTK/USD for at least 28.5% of profit.
Caution: due to the uncertain behavior of the Bitcoin this signal is risky and all of the risks of trading this idea is on your own.
UTKUSDT - BIG LONG SETUPUTKUSDT - is looking very bullish. On the daily timeframe market has been consolidating in this bullish flag, if you drop to the 4hr you can see we are now at the support zone and we have a nice corrective counter trendline and a horizontal resistance we are currently below- we need to see a break and close back above this confluence of resistance before we can take the long - eventually we should then breakout at the top range of this flag pattern.