UpToken has gone up by a massive 200%+ in a matter of days. If the action of the altcoins is any indication of what is coming for Bitcoin, then we can expect a strong move up.
But if Bitcoin and the alts are completely unrelated, then you can expect Bitcoin to continue on its way down... The most likely scenario?
Sideways Bitcoin... What's your take?
The bottom of what seems like support of a range represented by the rectangle has been hit thrice.
The final objective is the top of the rectangle for a 124% profit.
The intermediate objective is the middle of the range.
i have some ideas about uptuken chart !
Candles day : MACD Positive divergence , is the forecast base is about to reverse
Candles 4h : MACD can make a small bottom and formed a positive divergence
RSI : Triangle pattern is forming , Trading force is in balance -> selling force has weakened
Price : Dowtrend is about to end, wait for breack out
Looks like falling wedge may breakout soon.
Keep an eye and buy on breackout and retrace support on upper line of wedge.
Stop loss just below the lower line of wedge.
Reasonable Risk Reward ratio of 1:3
Follow and share for more ideas. Press thumb button at right bottom below the chart if like my work.
A coin of my list. Already did a nice X2 , it has strong support at 1800 sat and it will make a new one soon over it. I will not trade it yet but soon I 'll update , I m waiting a retrace around 2200-2500sat
That coin can reach 5000 sat soon.
under the radar token because of bitcoin's recent price action. anyways, this team is making MOVES. Recent token burn was well received. supply and price now is very intriguing. Strong team and great project. Keeping on radar.