UTKUSDT has provided us with a nice bullish impulse followed by a correction to the 0.50 fibonacci also in confluence of the uptrendline support, now im expecting to see the continuation to the upside and market to form a new higher high from a daily perspective, on the 4hr timeframe we can see multiple rejections and a double bottom forming at support, waiting...
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This broke out from a inverse heads and shoulders on the btc pair with potential of doubling. In a rising channel and moving in a parabolic fashion. I have outlined some targets on the way up. BTC pair:
Bullish!!!!!! Yes, I think bullish my dear!!!!! I am waiting for your comment
breakout on Ukt $0.457 - macd positive on daily chart - descend trend broken and got confirmation - stop loss can be kijunsen level at $0.3768 - triangle formation target is at $0.65 Please read this first ! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading...
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...
Price looks to be breaking out of the downtrend but I still want to see price reclaim the $0.36 level.
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!
UTKUSDT cup and handle formed nicely on lower time frames. TP at 0.49 and partially 0.52. Eager to witness this playout !!
entry: around 0.35 TP1: 0.4175 TP2: 0.4359 TP3: 0.498 TP4: 0.548 SL: 0.2862 Check my website for tutorials, examples and calls :) cry-pto-surf.com
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.
Simply broke out and retested Please hit LIKE if you find this useful!