[UPDATE UTK] UTK JUST TOUCHED THE 0.78 FIB. IT'S READY TO PUMP!Quick update:
Utrust had a rough month..but finally, it touched the 0.78 Fibonacci retracement level.
It's ready to pump hard until the end of May/beginning of June.
SUPER UNDERVALUED:
- so many clients
- low market cap
- great team
- technical analysis is bullish
Utrust
Utrust (UTK) Can Do More, Chart AnalysisUtrust (UTKBTC) has been going strong since early January 2021... The question comes up, can it keep going?
Right now we can see prices trading above EMA10, EMA50, and all major EMAs.
We can also see big volume favoring the bulls.
We have a rising channel, bullish indicators, and the entire altcoins market growing strong.
The chart technicals are bullish, UTKBTC has room for more.
Additional details on the chart.
Namaste.
I forgot all about this Utrust ICOWe could see a break above ATH on this soon.
About Utrust
Utrust price today is $0.234700 USD with a 24-hour trading volume of $7,093,297 USD. Utrust is down 2.01% in the last 24 hours. The current CoinMarketCap ranking is #123, with a market cap of $105,615,090 USD. It has a circulating supply of 450,000,000 UTK coins and a max. supply of 500,000,000 UTK coins.
What Is Utrust (UTK)?
Utrust is a payments processor that enables merchants to accept cryptocurrencies in addition to fiat currencies. The company also offers consumer-facing products such as Hold, a cryptocurrency wallet and payment app. According to its whitepaper, Utrust seeks to drive mainstream adoption of digital currencies and intends to become the "crypto-contender to PayPal."
In addition to supporting payments using major cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) as well as smaller-cap coins, Utrust developed its own native token, UTK, which was released in December 2017 as an ERC-20 token on the Ethereum blockchain. UTK can be used as a zero-fee way to make payments, and the company plans to introduce UTK staking.
What Makes Utrust Unique?
According to co-founder Correia, the use case of Utrust lies in its ability to combine multiple cryptocurrencies and blockchains into one ecosystem that is simple to use for both merchants and customers. He also said that the platform is distinct from others because it offers a proprietary buyer protection service, fast transactions, low volatility — the platform can immediately convert crypto payments to fiat — a one-stop-shop native wallet, and a strong adherence to regulatory requirements.
Utrust has announced a number of partnerships with various companies including travel booking service Travala, e-commerce platform OpenCart, record label Kompakt and others. In April 2020, it announced it was selected to join business-to-business accelerator Alchemist Accelerator. Utrust has said that its future plans to grow the business and increase adoption of UTK include the further automation of the platform, the introduction of a stablecoin and increasing customer benefits.
In October 2020, Utrust revealed that it will be introducing "reverse staking" — the company's take on staking in which rather than receiving greater rewards the longer one does not use their coins, users receive cash back in the form of UTK when they make transactions via the platform.
UTK - Road to 5X profits🎅🎅 Hi cryptoTraders , 🎅🎅
✔️ As you can see, UTK will try to break pink line , and test 2900 sats level
📌My entry point: 📌
450 sats - 500 sats
💰 My targets: 💰
2450 sats - 2800 sats
------------------------------------------------------------------------
👑👑BTC, the king of crypto :)👑👑
------------------------------------------------------------------------
🤞🤞ALTSEASON can start in 1-2 weeks.🤞🤞
🙇♂️🙇♂️ My alts bag: VRA , BePRO, XNS, NOIA, COTI, and 15 more... 🙇♂️🙇♂️
😎 Regards, ag. 😎
Utrust Market overview.Utrust has lot's of potential. I've been following this project closely and looking to invest more, as I believe in this company.
At the moment of talking I have 1200 UTK tokens staked in my Hold app. I think time will tell more if this project will skyrocket or not.
Keep in touch.
✳️Utrust/USDT (24/11) #UTK $UTKUTK has completely conquered the 0.14$ zone and now this is a reliable support zone of UTK.
UTK only needs to conquer the 0.175$ zone to strongly increase to 0.2$ or even 0.26$
However, if the 0.14$ zone is broken, then the UTK will fall quite sharply, the 0.11$ zone and 0.08$ zone we could consider buying back.
📈BUY- LONG
-Buy: 0.135-0.14$, SL if B
-Buy more: 0.17-0.175$ if A
📉SELL-SHORT
-Sell: 0.2-0.21$, SL if A
-Sell: 0.26-0.27$, SL if A
♻️BACK-UP
-Sell: 0.135-0.14$ if B, SL if A
-Buy: 0.11-0.115$, SL if B
-Sell: 0.11-0.115$ if B, SL if A
-Buy: 0.08-0.085$, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
✳️Utrust/USDT (10/11) View + Trading Plan #UTK $UTKUTK is still having trouble in closing a 1D candle above the 0.14$ zone, and after a sharp rise to the 0.16$ zone, it was strongly rejected, so the trend of UTK has turned to downtrend and the heading targets are 0.11$ zone and 0.09$ zone
Only when UTK closes a 1D candle above the 0.14$ zone, it will move up to the 0.17$ zone
📈BUY- LONG
-Buy: 0.105-0.11$, stoploss if B
-Buy: 0.09-0.095$, stoploss if B
📉SELL-SHORT
-Sell close to 0.135-0.14$, stoploss if A
-Sell: 0.105-0.11$ if B, stoploss if A
♻️BACK-UP
-Buy close to 0.135-0.14$ if A, stoploss if B
-Sell: 0.17-0.175$, stoploss if A
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
UTRUST (UTK) Bounce, Will It Continue Growing?We can see that UTRUST (UTKBTC) has now been added to Binance and this question comes to mind...
Is this just a small bounce or will the uptrend be resumed here?
Let's have a closer look!
UTKBTC peaked in late-Aug. with a wick higher again in October, but a retrace was taking place.
We are seeing prices bounce now that EMA300 (grey line) and MA200 (black line) support level has been hit.
These two moving average lines also coincide with the middle range in-between 0.618 and 0.786 Fib. retracement support.
Both the EMA300/MA200 and 0.618/0.786 Fib. retracement support are very strong levels.
Giving us the first signal that the retrace might be coming to an end here.
If we look at the weekly timeframe, support is being found at EMA50, which is another important level for cryptocurrency and altcoins, a level where reversals tend to happen.
Now, we also have a volume breakout, strong RSI, and a bullish MACD cross.
Another strong signal favoring the bulls is the hidden bullish divergence with the MACD.
There can be a little more consolidation but according to the chart signals, UTKBTC can soon resume its growth.
Namaste.