Before I start to review my friend Alex's coin- UBIQ , I give you some general crypto trading strategies.
TRADING IS SIMPLE - People make it harder!
To be a champion trader / investor , I think you have to see the big picture. It's not about winning and losing; it's about every day hard work and about thriving on a challenge. It's about embracing the pain that...
Trading is not easy at all until leaving your emotions at the door!
For mastering the charts ? You must review over thousands charts! And, sleepless nights!
Let's review my friend Alex's coin UBQ!
Ok, It is a legit project. However, They dont have a strong team since Julian left Ubiq for Bittrex, Local Canadian Exchange - Einstein Exchange is working with this...
From a long-term perspective, Ubiq looks attractive as it tightens up on the 385-day old resistance line. If we see a break upwards, my first 2 targets are ~35k and ~50k. In the event that we break downwards, the ~10k area should hold as strong support.
Ubiq is reaching a big resistance at 2.38 (red dotted line) or .786 retrace.
Using the Fib time zones, the current trend should last until some time sunday, currently stand to scalp +/-5-7% scalp upon entry right now
