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UTKUSDT trade ideas

xMoney (UTK)xMoney or formerly known as Utrust, is a platform whose main goal is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders. Anyway, it is clear that UTK was moving downward in a descending triangle pattern, a big one. Recently, UTK broke this triangle upward and made a pullback on it too. It seems an upward phase for UTK has started. Let's see what happens.
Long
by SaeedSalehinia
1
UTK/USDT Gearing up for an Explosive Bull Rally From Support🚀💎Paradisers, take note of the recent market dynamics around #UTKUSDT. Currently, UTK is strategically positioned at a support area, where we've observed bullish signals marked by a rejection candle. 💎This setup hints at the potential for a rebound from the support, signaling a possible continuation of the upward trend. There’s a good chance that #xMoney could push forward, aiming for our targeted resistance zone, which marks a crucial point for potential gains. 💎However, if $UTK struggles to uphold this support or fails to capitalize on the bounce, it might indicate a fading momentum. A drop below the support level could signal a shift towards a bearish phase, potentially accelerating downward trends. 💎It’s essential to keep a close watch on how #UTK interacts with this support zone. Monitoring this will help us determine whether the current bullish signs will hold or if we need to brace for a potential reversal to bearish conditions. Stay sharp and adaptive, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
UTK/USDT Ready for an Explosive Journey? 👀🚀UTK Analysis💎Paradisers, let's explore the dynamics of #UTKUSDT, where the landscape indicates a ripe opportunity for a bullish turnaround from an essential support area. 💎A glance at #xMoney's trajectory shows a pronounced 60% reduction from its recent high. Yet, the fortitude at the $0.077 support level sparks hope for a potential rebound. 💎The journey to surpass previous highs or achieve new milestones has been fraught with challenges, leading to a short-term bearish sentiment. Nevertheless, the critical $0.077 threshold for $UTK is on the cusp of initiating a substantial bullish wave upon another assessment. 💎Ever vigilant and prepared, we have devised a Plan B. If #UTK dips further below this foundational support, we foresee a bullish revival starting from the secondary support at $0.0621. It's pivotal to recognize that a descent below this mark could signal a deeper bearish trend. 💎Keep your trading strategies flexible and your senses attuned to market shifts, Paradisers. Rest assured, the ParadiseTeam is closely monitoring these developments, ready to guide you through the evolving market landscape.
Long
by MyCryptoParadise_Simon
2
UTKUSDT.4HAs I examine the UTK/USDT 4-hour chart, my attention is drawn first to the Ichimoku Cloud, which provides a multifaceted view of the market's momentum and potential support and resistance levels. The price is currently positioned above the Cloud, indicating that the overall trend is bullish in the mid-term. However, the recent price action has been consolidating, with the Tenkan-sen and Kijun-sen lines moving close to each other, suggesting a lack of strong momentum. Moving to oscillators, the RSI sits just below the 60 level, neither in overbought nor oversold territory, which supports the notion of consolidation. A movement above 60 would signal increasing bullish momentum, whereas a dip below 40 might suggest bearish momentum is taking hold. The MACD histogram shows a relatively flat momentum with both the MACD line and the signal line hugging the zero line. This also confirms the market's indecision at the current stage. In terms of support and resistance levels, I note three primary zones as marked on the chart: Resistance 1 (R1) at 0.1512 USDT, Support 1 (S1) at 0.1154 USDT, and Support 2 (S2) at 0.1006 USDT. The highest priority for traders will be to watch if the price challenges and surpasses R1, which could open the door for a further climb, or if it breaks down below S1, potentially signaling a more significant bearish reversal. Given the current setup, my strategy would be to wait for a decisive move out of this consolidation phase. A break above the Ichimoku Cloud and R1 would prompt me to consider a long position, while a fall below the Cloud and S1 might lead me to a short position, keeping S2 as the next potential target. With the market not showing a strong directional bias, I'll be on the lookout for further confirmations before committing to any trades
by MarsSignals
xMoney (UTK) formally uTrust - 100x opportunity?That last time an idea was published for this token a 100x move followed (see below). Can that happen again? All you need do is hold it for a year to find out. On the above weekly chart history appears to be repeating, it all begins with volume. 1) Price action and RSI resistance breakouts. 2) Price action prints on past resistance. Look left. 3) Regular bullish divergence as measured over 3 months. Eight oscillators print positive divergence with price action. 4) Volume breakout. Money Flow Index turns positive. I.e. buyers outnumber sellers. 5) There’s a special candlestick pattern printing on the higher time frame, do you know what it is? Is it possible for price action to correct further? Sure. Is it probable? No. Ww type: trade Risk:<=6% Timeframe for long: This month Return: 10x to start, support on past resistance will confirm 100x Previous 100x on uTrust or xMoney
ULong
by without_worries
1
UTK REQUESTED AS FAVOURITEHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. UTK REQUESTED AS FAVOURITE 📚 👉From a long-term perspective, price broke above our marked neckline and traded higher, to be proving a shift in momentum, adding on trading above our rising trendline. 👉Meanwhile, as we are now overall bullish, we will be waiting for the price to be approaching our lower zone, lining up with the rising trendline, to be looking for new longs from a short-term perspective, where we will be catching the next bullish movement. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
UTKUSDT.4HBased on the provided market data, the UTK token appears to be in a bullish trend, as indicated by the RSI (Relative Strength Index) values. The RSI for 4 hours, 1 day, and 7 days are above 50, which indicates an upward trend, although the RSI of 68.31 for 4 hours signifies that the token is close to the overbought territory. The MACD (Moving Average Convergence Divergence) for 4 hours and 7 days is positive, which further supports the bullish trend. However, the negative MACD for 1 day could indicate a potential short-term price drop or a slowdown in the upward movement. The current price of the UTK token is close to its 4-hour, 1-day, and 7-day Bollinger Bands (BB) upper limit, which could suggest the token is currently overvalued and may experience a price correction. The current price of the UTK token is also above its support levels but below its resistance levels for 4 hours, 1 day, and 7 days. This means that the token has room for upward movement before it meets significant selling pressure. However, if the price drops, it could find support at the mentioned levels. In conclusion, the UTK token seems to be in a bullish trend, but there are signs of potential overvaluation and a possible short-term price drop. High RSI values and the proximity of the current price to the upper BB limit could lead to a price correction. However, the positive MACD values and the placement of the current price between the support and resistance levels suggest that the bullish trend could continue. As always, it's important to consider other market factors and use various technical analysis tools to make a well-informed investment decision.
by MarsSignals
#UTK/USDT - Long - Potential 32.04%Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: 2.5% Exit: ⎿ Target 2 : 0.1125 ⎿ Target 1 : 0.0905 Entry: 0.0845 Stop: 0.0745 Breakout in play, trailing stop on at TP1 as BTC direction, whilst looking good rn is vulnerable to a breakdown which combined with low volume in the weekend could easily wreck this volume grab. I'll also likely close this out if in profit at the close of play today with the FOMC meeting taking place.
Long
by CryptoNicho
Utrust (UTK) vs USD (and BTC)Strong bullish divergence appearing here on this 4-day chart. The last candle completes today following a Dragonfly DOJI & support on the 21-day moving average. Clearly someone knows something I don't, considerable volume pouring in, I've no idea why. There is a saying "Extremes in the market is marked by extremes in volume". The volume can be observed across multiple exchanges. 40% to the 21-week moving average. The weekly chart - also showing divergence with higher lows on the Stochastic RSI. Will be watching to see if the last candle completes as a Dragonfly. This chart reminds me a lot of the Dash chart a month ago before it took off. Here is a BTC chart on another exchange, same bullish divergence:
ULong
by without_worries
10