Yesterday UTK tweeted about their new partnership with Shopify. twitter.com
Cup and handle pattern Aggressive buy is at the bottom of the handle. Or buy the breakout of the cup and handle. Parabolas pay the bills!
Chart explains it all really from a technical perspective. The coin itself has a lot of value as crypto currency and is undervalued in my opinion. Likely to see a push to the upside. Can even hold long term if you don't want to trade it.
This currency respects the waves accurately, then it has removed an impulsive wave that has not completed yet
$ 0.2 / $ 0.18
Or with. breakthrough
$ 0.29 / $ 0.36
Everything is canceled by closing the day down
UTK broke out of the falling wedge and retested it, iH&S pattern forming. Maybe one retest of the 0.1830 area left before it breaks 0.2150.
A break of the 0.2150 area means 0.290 (+35%) is easily achievable, potentially much higher!
YOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
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...
Broken support needs to be retested in cryptoland. It doesn't care about anything (bull run, bull shit, adoption.. nothing), its only TA. BTC is only going to 40000 just to retest a broken non retested support at 10000. That all....