🌟What is UTK used for🌟?
UTK Token is the utility token for Utrust. It is an ERC-20 token on Ethereum.
Utrust (UTK) is a blockchain-based platform that combines elements from traditional payment systems with the advantages offered by cryptocurrencies. The platform allows users to purchase goods, digitally or physically, with their favorite encryption or tokens...
confirming the break and retest of .08
utrust puts in an IHS formation on the long term
break out target on the IHS looks to be about 12 bucks log scale
#utk
This currency respects the waves accurately, then it has removed an impulsive wave that has not completed yet
Buy between
$ 0.2 / $ 0.18
Or with. breakthrough
$ 0.24
Goals between
$ 0.29 / $ 0.36
Everything is canceled by closing the day down
$ 0.17
UTK has completely conquered the 0.14$ zone and now this is a reliable support zone of UTK.
UTK only needs to conquer the 0.175$ zone to strongly increase to 0.2$ or even 0.26$
However, if the 0.14$ zone is broken, then the UTK will fall quite sharply, the 0.11$ zone and 0.08$ zone we could consider buying back.
📈BUY- LONG
-Buy: 0.135-0.14$, SL if B
-Buy more:...
UTK is still having trouble in closing a 1D candle above the 0.14$ zone, and after a sharp rise to the 0.16$ zone, it was strongly rejected, so the trend of UTK has turned to downtrend and the heading targets are 0.11$ zone and 0.09$ zone
Only when UTK closes a 1D candle above the 0.14$ zone, it will move up to the 0.17$ zone
📈BUY- LONG
-Buy: 0.105-0.11$,...
utrust completing a bull flag on declining volume as preferred
just above support
a super attractive multiple on a trade even just back to resistance, let alone a break out
solid buy in my opinion
not financial advice
💎Technical Analysis Summary💎
KUCOIN: UTKBTC
-UTK found temporary support around 820s sat
-This is a good sign in the short term
-The price is now retesting its previous bounce rally
-Will this support hold on the 2nd test?
-If it does, UTK may go up to 940s sat or higher
-But if the Bulls will fail, the downside target is 700s sat
A big Thanks for...
💎Technical Analysis Summary💎
KUCOIN: UTKBTC
-UTK broke its key level of support around 1000s sat
-The daily candle looks bearish if this will close after 7 hours
-If this will form a bearish flag in the coming days
-The potential downward target is the 200MA or somewhere around 700s sat
-Please always follow your stop loss location or reduce position size
A...
💎Technical Analysis Summary💎
KUCOIN: UTKBTC
-UTRUST got rejected at the strong daily resistance area
-The price drops more than -30% its value
-Currently, It is forming a potential Bear flag
-With a downside target around 1100-1000 sat or key support area
-Confirmation of this pattern if its local support around 1290 breaks
-If you have a Buy position right...
