Absolutely love UBQBTC in terms of fundamentals, and it looks like a great risk/reward trade at the moment.
- Sitting in bid zone.. bounced off previous resistance turned support. To me, this looks like a classic wyckoff throwback after the initial breakout.
- Daily cloud is thing, will be easy to break through.
- First profit taking point would be the 0.618 fib retracement, which lines up with a previous support (which should act as resistance).
Best of luck!
- Sitting in bid zone.. bounced off previous resistance turned support. To me, this looks like a classic wyckoff throwback after the initial breakout.
- Daily cloud is thing, will be easy to break through.
- First profit taking point would be the 0.618 fib retracement, which lines up with a previous support (which should act as resistance).
Best of luck!