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CryptoPAMM
May 23, 2018 4:43 PM

UBIQ Might Outperform Bitcoin By 100% Long

Ubiq / BitcoinBittrex

Description

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 and 30.5k resistance continues. But the strong indication of the uptrend could be break above the 30.5k level, which should result in a growth towards 68k satoshis, that is 161.8% Fibonacci retracement level that corresponds to the 8/1 Gann Fan trendline.

On the other hand, if price continues to move lower with the daily close below 17.8k satoshis, the bullish outlook will be invalidated and price could go down to 8.5k support.

Comment

UBQ hitting support

Comment

support rejected
Comments
CryptoEngineering
Let's see how it goes!



amanistesting
good investment, any hopes when we can see it fly
UnknownUnicorn1259785
Similar situation to ICX.
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