Before I start to review my friend Alex's coin- UBIQ , I give you some general crypto trading strategies.
TRADING IS SIMPLE - People make it harder!
To be a champion trader / investor , I think you have to see the big picture. It's not about winning and losing; it's about every day hard work and about thriving on a challenge. It's about embracing the pain that...
Trading is not easy at all until leaving your emotions at the door!
For mastering the charts ? You must review over thousands charts! And, sleepless nights!
Let's review my friend Alex's coin UBQ!
Ok, It is a legit project. However, They dont have a strong team since Julian left Ubiq for Bittrex, Local Canadian Exchange - Einstein Exchange is working with this...
What appears to be an ascending wedge here. Broke underneath the wedge in lower time frames so this could be a last test before a move downward, but I am including the possibility of a breakout above the 200 MA ( strong resistance/needs volume).
Looking at our trend timeframe we see price continuing to respect our downtrend. Temporary support found, price now stuck in consolidation. Stochastic RSI showing momentum now shifting in favor of bulls, will watch smaller timeframe for entry,
Shifting over to our...
Looking at our trend timeframe we see price not showing any signs of slowing down, and UBQ now looking to form a lower low. Stochastic RSI not showing any momentum shifts anytime soon. A safe entry would be a daily close above 15000, an aggressive entry would be waiting for the bounce off our 5000 support level(my...
Ubiq is finally approaching an end to its yearly downtrend!
In light of recent btc movement, a number of alts have been on the rise, and fresh profits have been flowing into alts, but ubq has remained relatively quiet with low volume. A great opportunity to play the breakout when the time comes.
Been accumulating between 10-13k -all buy orders have been hit....
From a long-term perspective, Ubiq looks attractive as it tightens up on the 385-day old resistance line. If we see a break upwards, my first 2 targets are ~35k and ~50k. In the event that we break downwards, the ~10k area should hold as strong support.
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...
Since this is an altcoin it's totally bound to BTC. Because of that I don't suggest to gamble and buy it now. But after BTC made it's move I believe this will breakout. RSI and Volume aren't giving good signals but as I said earlier this an altcoin so it will pump when the time come. It is worth following.
Ubiq is reaching a big resistance at 2.38 (red dotted line) or .786 retrace.
Using the Fib time zones, the current trend should last until some time sunday, currently stand to scalp +/-5-7% scalp upon entry right now