UTK has broken out of the downtrend and it looks like it wants to break the long term resistance line at .096
it took 20 weeks for UTK to reach this line
a similar move up from this resistance would put UTK at $1.70
opinion: UTK has delivered a quality crypto payments platform. will the market recognize this? I think the ball is already rolling.
UTK approaching the midline of range trading
rank 164 with a market cap of only 31m
this mobile payment platform converts your crypto into instant fiat payments
beats mastercard/visa fees and no reversal of charges is possible
great for businesses
moon it!
as I see it, an impulsive wave 1, driven by large volume, has met with the upper trend limit in red
wave 2 is likely meeting its end at the .02 support
given the history of price attraction to the 18 MA LOWS in black
it is likely that this will be used as support for the wave 3 continuation
wave 3 should be longer than wave 1 and should likely break the red...
UTRUST had a run that translated roughly to 600%
kissing the red upper channel line at the moment
it will likely rest for a while before challenging the price to a break out
I am keeping an eye on this as I plan to add to my bags on the break over this line
not financial advice
