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UBQBTC

UBIQ Might Outperform Bitcoin By 100%UBIQ currently stuck between the support and resistance levels. The support is the 78.4% Fibonacci retracement level, that is 17.8k satoshis. This level has been rejected cleanly back on 1st of April. Although UBQ/BTC went up, it found the resistance at 30.5k satoshis, that previously acted as the support as well as resistance. The trading between 17.8k support and 30.5k resistance continues. But the strong indication of the uptrend could be break above the 30.5k level, which should result in a growth towards 68k satoshis, that is 161.8% Fibonacci retracement level that corresponds to the 8/1 Gann Fan trendline. On the other hand, if price continues to move lower with the daily close below 17.8k satoshis, the bullish outlook will be invalidated and price could go down to 8.5k support.
Long
by CryptoPAMM
3
UBIQ PREPARING TO BREAK HUGE TRIANGLE Ubiq is inside of huge triangle as we can chekc on the Daily. Three confirmation of descending trendline and i think we are going to break it soon. Ubiq is consolidating right now and it may take some time to do some jumps up. It can drop one more time for another leg before its going to explode. Look for buy around 23 - 24k sats -1.50% Stop loss : bellow 22.5k sats -1.50% Targets 1) 25.5 k sats -1.50% 2) 30k sats -1.50% 3) 35k sats -1.50% if continues bullish 4) 50k sats -1.50% 5) 70k sats -1.50%
Long
by MichalMajzlik
2
UBQ not looking greatUBQ is not looking too great. With a descending triangle forming on the price and a symmetrical traiangle on the RSI which suggest continuation of the trend it does seem UBQ will drop a bit more. I suspect it might see a one day uptrend to the 20k sats range but if it bounce back down from there we should be looking at 17k with a bottom of 15k which has some nice support. UBQ is almost back to where it started a year ago. A shame because it is a pretty decent project. It clearly suffers from 0 marketing which is not the focus of the UBQ team. THe only thing that might save it from the downtrend is a pump & dump or a new altseason where people FOMO in. Other than that, i see no indicators of this trend reversing.
Short
by DeBaas
$UBQ 1D - Bottom is in? Great risk/reward play.Absolutely love UBQBTC in terms of fundamentals, and it looks like a great risk/reward trade at the moment. - Sitting in bid zone.. bounced off previous resistance turned support. To me, this looks like a classic wyckoff throwback after the initial breakout. - Daily cloud is thing, will be easy to break through. - First profit taking point would be the 0.618 fib retracement, which lines up with a previous support (which should act as resistance). Best of luck!
Long
by mondo3