UBQ Possible BullishUBQ appears to be piling up on a strong support, about to break a resistance. If you exceed the upper resistance, you should look for Target in the chart. For the more daring, you can expect the price around 0.0142 and buy with stop at 139. For conservatives, you can expect to lose the red background and buy at the bottom of the orange triangle, but this may not happen. You are initiating bull divergence on the RSI and RSI Stoch on the daily chart. That's a good sign. It is enough for Bitcoin to remain stable in the next few days for a possible high movement
UBQBTC trade ideas
UBQ/BTC - Great opportunity to trade yearly breakout! (longterm)Ubiq is finally approaching an end to its yearly downtrend!
In light of recent btc movement, a number of alts have been on the rise, and fresh profits have been flowing into alts, but ubq has remained relatively quiet with low volume. A great opportunity to play the breakout when the time comes.
Been accumulating between 10-13k -all buy orders have been hit.
Daily RSI has been rising quite steep (possible retest of the white trend line /depending on btc movement, even slightly below) before uptrend pursues.
First TP 25% @ 30k ... will hold the rest for the long term.
Those of you who have been holding ubq, I salute you! This has been one hell of a patience game. Rewards will follow!
Solid team/devs, live test completion, scalability testing by whiteblock. A lot happening behind the scenes.
Happy trading!
UBQ/BTC Weekly Equilibrium Pattern Soon to BreakClear tightening pattern on UBQ/BTC's weekly chart. Break is likely after a few more weekly candlesticks. Technically broke bearish this week but with rounding I would call it a double bottom. Also, there has been no follow through on the break. The daily chart is bouncing from oversold conditions as well. Could be a bear flag or an opportunity for a bounce after a double bottom. The direction this pattern breaks will dictate momentum for at least a couple months in my opinion. For this coin to see ATHs in 2018 it is imperative that the bulls show up and break this equilibrium pattern bullish. I drew horizontal lines of support and resistance on the chart as well as a sloppy trend line. Thanks for reading.
UBQ/BTC 700% potential if pattern repeatsJust looking at the triangle pattern again. I'm feeling confident this pattern will repeat. A lot of similar indicators on both occasions. Another one with a similar chart is $GEO and I am extremly bullish on both. We should see the bounce start within the next 7 days.
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.