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...
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
Ubiq Coin currently trading at $1.32 and continues to reject the downtrend trendline. The downtrend remains valid, although UBQ/USD has formed a bullish divergence on the RSI oscillator suggesting that the correctional move upwards could be on its' way.
In order for the price to start rising the $1.6 minor resistance must be broken with a daily close above it....
Ubiq completed ABC correction and is forming a classic elliot impulse wave...green is in the future here
Considering the 30MM increase in market cap in the last 24 hours, I'm VERY bullish, howabout ya'll?
Ubiq still looks strong in the short term analysis as it continues to produce higher highs and higher lows, while failing to go lower the previous low at $2. After reaching a new all-time high at $7.4, UBQ/USD fell down substantially, losing over 60% to USD.
Although this seems to be only a corrective move down rather than a trend reversal as the drop was stopped...
Ubiq the first star of 2018 has started his bull run early December.
Distribution phase can go up to 14-15$
I would recommend you to don't be greedy, take some profits before main target.
Note: Trade at your own risk, this is an especulation.
I have included all of the following coins in my investment strategy for 2018:
60% GNT (Current Price: $0.213)
22% ADX (Current Price: $1.02)
4% UBQ (Current Price: $1.31)
7% LSK (Current Price: $9.93)
7% EOS (Current Price: $1.91)
My total investment is $10,000 split as noted in the above ratios. The chart above also represents all these coins...
There are two scenarios in front of UBQ in the coming few days. it will either bounce back to an upper channel to progress upwards or it will got stuck in a rising wedge with a doom for a collapse. at this moment, there is no point of either selling or buying it.