Same verse as before, just on a week chart. I have turned on MarketCipher A and as you can see the yellow X on the week which could signal a potential retest of support before a reversal to the upside.
Here's a chart setup with the Fib tool. This chart is on the Log scale. there is a visible uptrend and price has retested lows. RSI has hit a new low starting a new cycle as you can see, noted by the lower gold line in the rsi indicator. I feel that this coin could be a diamond in the ruff and only time will the with this low supply Token.
The pressure is building and at any moment it can explode.
All the lows are being bought heavily which makes me believe that we already bottomed.
Don't miss this next leg up or you will regret it.
NFA
if unibright breaks above the yellow dotted line it will confirm a 123 breakout.
I also spotted a inverse head and shoulders which also gives me more confidence that the breakout will occur.
This is very similar to the Matic breakout i spotted in July.
$ubt #ubt is currently being suppressed by its hourly downtrend.
we should see some action in the next new days or so.
This set up calls for either a nice pump or another dump depending how #btc behaves
GL
move 1 led to uptrend continuation
I am suggesting that there will be a move 2, very similar, almost identical to move 1
that will provide the coin with energy for bullish continuation (both have a similar fib circle breakout pattern)
Continuation of the uptrend is likely..
Unibright has broken out of its 2 month correction and is currently retesting the top of the trend line.
We will most likely see another week or so of chop while we re-test the green parallel channel trend line.
My Current Trade Plan UBT:
Accumulation zone .80 to 1.30 target build from 10000 - 15000 - (make it stack)
Currently at 1.07$
Resistance @ 2.37$
Support 0.80$
Target $3.12 sell off 10%
re-test for 7.00-9.12 sell off 10%
Hodl to 50$ then another 10%
Fundamentals -
Team has actually built something to rival; DOT, ATOM, SOL, CELO; even better yet real...
*** THIS IS NOT FINANCIAL OR INVESTMENT ADVICE ***
DYOR and don't take my word for anything.
The Unibright team announced the release of Baseledger this past week, causing UBTUSD to experience strange trading patterns.
Overall, UBTUSD is correcting for rapid price growth and will return to a near parabolic growth. UBTUSD is working through a descending wedge,...
