UBIX moving in downward channel, with volume dropping, while RSI making higher lows creating longterm bullish divergence and indicating accumulation range. Stoch RSI is indicating oversold conditions and incoming bounce up.
There are a lot of alts which created similar pattern (see GHX as example) that eventually resulted in strong push up to break out of accumulation range and test last pivot high.
Once UBIX bounces up and breaks out of accumulation range I expect strong push toward fibb 0.618 range aka. Oct/Nov 2021 pivot.
There are a lot of alts which created similar pattern (see GHX as example) that eventually resulted in strong push up to break out of accumulation range and test last pivot high.
Once UBIX bounces up and breaks out of accumulation range I expect strong push toward fibb 0.618 range aka. Oct/Nov 2021 pivot.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.