UTK// Break & Re-testSimply a break and retest from the Daily TF, nothing complicated. This is a strategy that has worked quite well for me during this bull run. However, timing is the most important aspect.
Looking at the chart currently, we missed the retest, but when looking on the 4H TF there is a Falling Wedge Pattern on its 4th test and about to break. Which is still a comfortable opportunity to go long.
Reasons not to enter...yet:
1. Such a strong bullish impulse requires atleast a small 38% retest.
2. We are almost there, but we havent closed above the last Lower High from the more recent downtrend.
3. BTC is under some bearish pressure and may affect the price action of UTK if there isn't enough volume and momentum to keep UTK's price along this bullish path.
4. The consolidation period was quite long, may suggest a slow run-up and the opportunity cost of finding another token with more momentum would be greater than the possible profits from UTK.
Let me hear your thoughts in the comments.
UTKUSDT trade ideas
UTKUSDT - new higher high coming.UTKUSDT has provided us with a nice bullish impulse followed by a correction to the 0.50 fibonacci also in confluence of the uptrendline support, now im expecting to see the continuation to the upside and market to form a new higher high from a daily perspective, on the 4hr timeframe we can see multiple rejections and a double bottom forming at support, waiting for a break above the neckline then if all other entry rules are met we will take the long.
UTRUST or UTKUSD ://shopify partnerships n new projectHypeAlertssome of the new projects we r taking small position are Utrust wich is combining shopify and other retail merchant payment options for crypto. trust swap same feeling dif project basicaly pear to pear crypto exchange and project incubator.. then check out HAPI a on chain security deal that will be super valuable.
sorry got to run so no spell check etc etc etc
_UTRUST or UTK
_TRUST SWAP or TRUST
_HAPI
other projects worth a look r
LINA or LINEAR _SNX compition
DDIM or duck doa dime _ big on yeild farming and discussions on there forum
BADGER_ btc liquidity smart contract working with eth ecosystem type project
COSMOS_ bringing interchain opporbility for growing blockchain projects via BAND
ZKS
AVAX
RPL or rocket pool
shady but big is LUNA a stable coin type project with weird upside and no real tokenomics ie we dont know do=ue to private sales and token releases and STORMx which is another merchant shopping deal
check em out_dont get spread to thin_buy the dip_never b scared to take profits or cut a looser and find a gem.
_HGM T3Am
UTK potential trust upThis broke out from a inverse heads and shoulders on the btc pair with potential of doubling. In a rising channel and moving in a parabolic fashion. I have outlined some targets on the way up.
BTC pair:
UTK recent breakout !!!breakout on Ukt $0.457
- macd positive on daily chart
- descend trend broken and got confirmation
- stop loss can be kijunsen level at $0.3768
- triangle formation target is at $0.65
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards
UTK open targetsYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
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