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.
peak will come when btc hits 8000$
06/06 : Capitulation wick, Double bottom with Bull divergence forming on Stoch and Exagerated on RSI, in Accum Level, on 0.782 fib support, just under tenkan and 20k resistance. Bottom to be found soon, then a break of that 20K with good volume, as soon as BTC get Stable.
The rate retested the broken uptrend line and now is located much below it. valid breakdown below the 0.00017750 level and below the sliding line (sl) will confirm a further drop on the Daily chart.
Clear tightening pattern on UBQ/BTC's weekly chart. Break is likely after a few more weekly candlesticks. Technically broke bearish this week but with rounding I would call it a double bottom. Also, there has been no follow through on the break. The daily chart is bouncing from oversold conditions as well. Could be a bear flag or an opportunity for a bounce after...
Hard not to be bullish on this one, nearing a challenge of a long term resistance and pretty convincing bounce today
Just looking at the triangle pattern again. I'm feeling confident this pattern will repeat. A lot of similar indicators on both occasions. Another one with a similar chart is $GEO and I am extremly bullish on both. We should see the bounce start within the next 7 days.
UBIQ currently stuck between the support and resistance levels. The support is the 78.4% Fibonacci retracement level, that is 17.8k satoshis. This level has been rejected cleanly back on 1st of April. Although UBQ/BTC went up, it found the resistance at 30.5k satoshis, that previously acted as the support as well as resistance. The trading between 17.8k support...
UBQ is currently forming a falling wedge pattern and approaching a key horizontal support level. With a bullish divergence on the RSI we might see a breakout to the upside. With BTC consolidating, this could be a good time for altcoins to gain some momentum
ubq about to breakout . whales playing their game I m just the chart whisperer . ;) play it by your own style
Ubiq is forming a descending wedge or rectangle. both are signal of reversal as it is showing, it is oversold and it is sitting on the support, bittrex shows a solid buy volume