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Utk

UTK// Break & Re-testSimply a break and retest from the Daily TF, nothing complicated. This is a strategy that has worked quite well for me during this bull run. However, timing is the most important aspect. Looking at the chart currently, we missed the retest, but when looking on the 4H TF there is a Falling Wedge Pattern on its 4th test and about to break. Which is still a comfortable opportunity to go long. Reasons not to enter...yet: 1. Such a strong bullish impulse requires atleast a small 38% retest. 2. We are almost there, but we havent closed above the last Lower High from the more recent downtrend. 3. BTC is under some bearish pressure and may affect the price action of UTK if there isn't enough volume and momentum to keep UTK's price along this bullish path. 4. The consolidation period was quite long, may suggest a slow run-up and the opportunity cost of finding another token with more momentum would be greater than the possible profits from UTK. Let me hear your thoughts in the comments.
Long
by N0ST0PL0SS
UTK recent breakout !!!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 plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading. Regards
Long
by karati
What's the safest payment platform in the world? UTKUSD Analysis🌟What is UTK used for🌟? UTK Token is the utility token for Utrust. It is an ERC-20 token on Ethereum. Utrust (UTK) is a blockchain-based platform that combines elements from traditional payment systems with the advantages offered by cryptocurrencies. The platform allows users to purchase goods, digitally or physically, with their favorite encryption or tokens while providing a system of consumer protection in which the coins are held in escrow until the transaction is completed. In case of a conflict, the solution is resolved by Utrust. he Utrust platform has its own Ethereum-based token, UTK. The token offers many advantages, including the system with no fees in the Utrust platform, which means that payments made with UTK are free. The token also runs on a redemption and recording program, where a portion of the revenue generated by Utrust is allocated to the token purchase which is then publicly destroyed, creating a deflationary coin. ✅Benefits of Utrust Overall, the Utrust claim features make it “the safest payment platform in the world” for both buyers and sellers. Some of the advantages that Utrust claims over other payment platforms include: 👉The buyer’s risk of buying is lower: Utrust covers all purchases (goods and most services), while traditional solutions like PayPal can only protect physical purchases. Cryptocurrency-based services like Bitpay don’t include anything. 👉Payment acceptance speed is faster: Unlike traditional payment systems that delay payment approvals due to the high risk of fraud, Utrust approves payments immediately, making the process less complicated for both parties (buyer and seller). Obviously, Bitpay offers similar advantages, but PayPal doesn’t. 👉Low transaction fee: Nobody likes to pay fees for the money they are making. Utrust charges the seller 1% of the fee for the payment received. Meanwhile, services like PayPal charge 2.9%. These fees may increase to 5% or more when calculating exchange rate charges and other hidden costs. 👉Accept many cryptocurrencies: Utrust accepts the most popular cryptocurrencies on the market, including Bitcoin, Ethereum, Litecoin, Dash, Monero, and other products. 👉Safe fund: Utrust claims to leverage the power of blockchain to avoid credit card fraud. Users have complete control over their own keys and funds. Even Utrust cannot access your wallet. 👉Non-refundable: Merchants will be protected from rampant credit card fraud and nasty rebates through Utrust. ✅Conclusion Utrust is a leading cryptocurrency payment solution designed to modernize the financial and payments industry, and solve the problems of traditional payment methods by offering instant transactions and immediate crypto-to-cash settlements for the merchant. Utrust is driving emerging economies through an easy-to-use, secure, and accessible banking system. --------------------------------------------------------------------------------------------------------------------- ✅TECHNICAL ANALYSIS As we can see in the logarithmic chart above, when the price is above 8,21,55 EMA that it is in an uptrend chanell, but in the cheap scenario we only see a rebound on EMAs of 21 or 50 , and after the pullback we can Reaching a higher high levels, however, in this situation that the whole market is bullish , we expect strong and explosive growth, the next targets that we imagine we can do are $ 1, $ 2, $ 4 and then $ 8 for Touch 3 months later or more . -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion and you are responsible for your own trades or invests. ❤️with Best Regards and successful trades.
U
by PRO_SMART_Trader
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