UBQ
bullish flag is forming on UBIQ (UBQ) 4h chartPossible breakout from bullish flag at 4h UBIQ chart.
Resistance is at 50k and if that gets broken the next target is 55k (next Fibonacci level).
It is not overbought (RSI is very low).
According to market cap, UBIQ is very small and there is a plenty space for further growth!
UBIQ LONG - Ascending ChannelLooking 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: www.twitter.com
Ubiq moon mission?We are looking at the logarithmic chart of Ubiq vs. Bitcoin here.
Ubiq is an ICO platform and currently, in my opinion, heavily undervalued. There was little talk about this coin recently, that's why I am extra bullish on this one.
If we manage to break that purple resistance line and find support on it, we could see something similar that happened in late May 2017, and that's at least a 5x increase vs. Bitcoin.
On the linear chart, we already broke the downtrend and found support on it. Looks like it could go +/- sideways for a few days before major breakout.
The logarithmic Ubiq / USD daily chart suggest a heavy price increase as well, since the logarithmic resistance has been broken and we are slowly finding support on it now.
Setting targets here is difficult, but this thing will most likely shoot up like crazy in the coming weeks.
Good luck
$UBQ Ubiq updated targetsUpdated my fractal setup, put the targets (red boxes) on indicator convergences (VPVR, previous resistance/support, ichimoku and fib retracements). I will leave some on the table because this is a great project and is highly undervalued in my opinion.
- Token distribution coming on the first of january.
- Looks to be a more stable Ethereum for Virtual Machines, which is attractive for startups that want to build on an ethereum network
Ichi Experiments with my UBQ bagHello traders! Testing out the Ichimoku cloud system for UBQ. Still a new concept for me. However, having studied past behavior, I believe that UBQ is showing strong bullish signs for the following reasons:
1) increase in volume
2) MACD crossover
3) Tenkan crossed over the Kijun and the Ichi cloud recently
4) Price is hovering above the cloud - Will take support from it going forward maybe?
P.S. : Still new to trading, take my idea with a pinch of salt ;) Look forward to hear your inputs!