I never traded this one, a friend of mine made me notice it so I went to check and this looks like an inverted head and shoulders. If you wanna buy it check if the neckline hold the price, if it does you can enter. The target is on the chart.
OFF COURSE, when you trade against BTC be careful, if BTC starts a bullrun and the coin you bought (UTK in this case)...
* Form that right shoulder of Inverse head and shoulders pattern and hit that target.
* Sitting on previous daily support.
* Best place to enter is around 980 where the pattern is completed. It is risky to enter here but high profit is possible.
* On 12HR: Bullish StochRSI, Bullish MACD Cross
Utrust (UTKBTC) has been going strong since early January 2021... The question comes up, can it keep going?
Right now we can see prices trading above EMA10, EMA50, and all major EMAs.
We can also see big volume favoring the bulls.
We have a rising channel, bullish indicators, and the entire altcoins market growing strong.
The chart technicals are bullish,...
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This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't...