UBQBTC trade ideas
UBQ - a smart contract platform more stable than ETHSo, a bunch of cats crashed ETH. And now people are looking for a new smart contract platform. UBQ has many tokens using its chain already, and more to come in the future. With ETH crashing constantly, and becoming so congested it can't be used, it's hard to see how it could be a platform suitable for mainstream adoption. UBQ, on the other hand, works on stability for enterprise level smart contracts. I'm holding a bunch into the new year.
UBQ 1D Chart 3 December 2017There's our next chart coming up, the UBQ Chart on the 1D Timeframe.
As you can see, this one has retraced very hard from the big spike in June earlier this year. Placing the fibonacci on the top of leg B (with starting point on the beginning of this spike), we see that it's landed on the important 1.618 fib level of retracement. There are literally two ways it could go. From here on, I"d say to buy on the 1.618 level as it will probably bounce another time on this level (as this is a major fibonacci level) and I'll place my stoploss just below this level.
The two ways it could go:
- Retracement can be over and from here on we'll see some upward movement and possible breakout out of this pennant.
- As we came into this pennant from an higher point, it's pretty likely we'll drop down even more. As I sincerely like this project, I'm hoping that this won't be the case.
We'll be updating this chart in the coming weeks and improving it.
Long on UBQUbiq is heavy undervalued IMO.
- Fundamentally -
ETC competitor with only 39mil coins supply compared to ETC with 97mil coins.
UBQ marketcap = $70mil while the marketcap of ETC hovers around $3.3 billion...
Do the math :)
- Technically -
It makes a gigantic double bottom on the daily.
And is still in the accumulation zone as you can see on the chart.
I say buy and HODL.
- TRADE AT YOUR OWN RISK -
$UBQ gearing up UBQ broke long term resistance did a nice retest and is going up now. 1st target in chart.
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UBQ bullish divergenceI noticed that the price formed a good support and I think this could be an excellent area for buying.
In support of this, I also noticed the bullish divergence, as well as the positive dynamics of the oscillators.
Nevertheless, I recommend buying from the level of 0.00017
The target is 0.0002-0.00024 ... and maybe 0.00037
stop-loss 0.000145
UBQ-BTCUbiq forming into an ascending triangle.
Support Lines are ascending.
Sell Point: 0.0001735
Sell Point : 0.00018905
Possible support line : 0.00016790 ( Was previous resistance levels)
If it turns to a downward trend, nearest Support Level : 0.00016025
Support Line : 0.0001525 Black Line
Red Arrow shows breakthrough wedge
Pink Lines are trend lines
Always set a stop Loss.
UBQ LONG SETUPGOOD TO ENTER BETWEEN 18-19K
TP1 : 22K
TP2 : 27K
TP3 : 35K
MORE UPDATES LATER, SAFE TRADING.
NOTE : THIS IS NOT AN INVESTMENT ADVICE SO PLEASE DO YOUR OWN RESEARCH BEFORE ENTERING THE MARKETS. AVOID TRADING ALTCOINS WHEN BITCOIN IS BULLISH . TO ENROLL FOR MY SPECIAL TRADING EDUCATIONAL COURSE (INCLUDES PRICE ACTION STRATEGY AND BEST POSSIBLE BUYING AND SELLING TARGETS) OR RECEIVE SIGNALS PERSONALLY, HIT ME UP WITH A DIRECT MESSAGE. THANK YOU!