UBQBTC trade ideas
UBQUBQ trying to reverse (symmetrical triangle).
Good Buy
Fibonacci shows 78% retracement from huge increase in May 2017
4hr MACD uptrend
Strong support at 25k
Bad Buy
If break through support, next strong support is at 10k - 12k
Bear market
MACD quite extended. Expect short term downtrend
Uptrend Confirmations
Found good support on 50MA and starting to curve. Hope for a golden cross with 100MA. Hourly
MACD on the 1h indicating an uptrend.
MACD on the 4h indicates an uptrend is in progress.
Clear breakout above resistance line
Downtrend Continuation
Break through 50MA
MACD 1h could cross and begin downtrend.
Fail to keep above resistance line
Keep in mind BTC movement.
Keep in mind, we are still in a bearish market!! :D
Short term Target - 32k/35k
Mid/long Target - 40k above
Stop-loss - 22.5k
Good luck!
A look at UBQUBQ is in oversold territory after falling over 35% in just a week. There is also divergence on the 4h RSI. This onslaught has coincided with Ubiq recently being added to the cryptopia exchange, as well as 3 tokens being brought on to the Ubiq network. The 50Mil Mkt Cap is comparatively small so I expect to see a bounce soon to end this free fall.
Ubiq - Inside Consolidation ChannelUbiq is currently inside a consolidation channel and therefore moving sideways. It performed a H&S pattern while it was trying to break through the channel and is now heading towards the bottom of the channel.
RSI signals an oversold market, MACD as a flat movement direction.
Conversion Line(blue) is below Base line (yellow).
I expect that the price will move to the bottom of the trend channel (some little ups&downs included) and then we need to see a strong bounce, supported by MACD&RSI buy signals.
Another buy signal would be crossing Conversion Line and Base line.
If the trend channel is broken, next support is at 24.5k Sat.
Targets would be 44k, then 55k Sat.
LONG UBIQUBIQ one love. Remember the times when you were getting a lot of coins by mining :P And now this coin still has power. Two blue lines: CONFIRMED up/down-trend lines. Unfortunately, it all boils down to BTC performance, if it falls, UBIQ can be rebought @ 31k satoshi, which IS CHEAP. If not, ride the wave baby :)
Ubiq/BTC - Possible future buy signalsHello,
As we can see in the graph we are in a clear downtrend. We can see lower highs and lower lows. In addition to this the Ichimoku also shows we are in a downtrend. We can see that there have been some attempts to break this downtrend. The Senkou span A has been tightening, which shows that there has been less volatility.
We can also see that a triangle is somewhat forming, meaning there will be a break Oct 1th at the latest. If it breaks the downtrend line we have a buy signal. However, I would wait untill Ichimoku can confirm that a shift in trend is happening. Therefore I would place buy orders at the dotted lines, which change depending on the Senkou Span B.
Price level could potentially reach 0.00457 or 0.00518.
I would not advice anyone to act on this analysis since I am new to technical analysis. That being said I would appreciate if you share your thoughts/predictions.
UBQ - Watch bottom BBand. Found bottom again.I told my friend last night that I was going to buy more at the bottom BBand. He was excited for a breakout of this descending pattern (drawn in black), but I had doubts as we were seeing similar conditions akin to the circled fakeout (overbought, yet still relatively low volume). I told him that I could see us hitting the bottom BBand again, and that I'd like to see us trade sideways along this bottom band to gas up for that big move up (similar to the one we saw when we hit 74k).
So, my play is this: I have my bags already packed, but I'll be adding to them with 2 buy orders AROUND (I'm not giving exact orders as I don't want you creating a buy wall in front of me... not like I have enough popularity for that but you can't ever be too safe.) the green and red lines. Red line is the line I'd like to see a couple wicks hit again before we moon shot. I have a couple short term profit-taking points set in blue, but Ubiq is one I'll be hodling a majority of my bags for.
Happy Trading!