UBIQ LONG - Ascending Channel
Looking at UBIQ:
It broke out a long downtrend and it hasn't yet rised like the other alts.
It seems to be forming an ascending triangle right now, which is good if the price stays in the channel. It's even better if it breaks out the resistance.
RSI looking a lot better than earlier, it's on a trendline right now and if it respects it that's a good sign. It did a kumo edge to edge and this was a great swing trade opportunity. TK cross also occurred in the cloud which is a normal bullish signal. I'm also seeing a hidden bullish divergence. The price makes a lower low but the RSI shows a higher high which means there's more strength in the trend.
I like this as a medium/long-term hold so entry around 40 - 45k.
These are potential price targets.
If you like my analysis, consider following me on twitter: twitter.com/cryptoniter
It broke out a long downtrend and it hasn't yet rised like the other alts.
It seems to be forming an ascending triangle right now, which is good if the price stays in the channel. It's even better if it breaks out the resistance.
RSI looking a lot better than earlier, it's on a trendline right now and if it respects it that's a good sign. It did a kumo edge to edge and this was a great swing trade opportunity. TK cross also occurred in the cloud which is a normal bullish signal. I'm also seeing a hidden bullish divergence. The price makes a lower low but the RSI shows a higher high which means there's more strength in the trend.
I like this as a medium/long-term hold so entry around 40 - 45k.
If you like my analysis, consider following me on twitter: twitter.com/cryptoniter
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