UTK is still having trouble in closing a 1D candle above the 0.14$ zone, and after a sharp rise to the 0.16$ zone, it was strongly rejected, so the trend of UTK has turned to downtrend and the heading targets are 0.11$ zone and 0.09$ zone
Only when UTK closes a 1D candle above the 0.14$ zone, it will move up to the 0.17$ zone
📈BUY- LONG
-Buy: 0.105-0.11$,...
It is 4th. day of this coin so that it is too early to talk we will interpret this coin in the near term
By the this time try to catch EngineeringRobo ' s buy signal
Have a good trade . If you want to use EngineeringRobo please dm me.
i like UTK in this range, i think this is pretty undervalued right now compared to alts of similar valuation, have no idea where any alts are going to be long term but i think this is a good trade going into the next bull run, hard to pick a target but i think 20 cents within a few weeks can happen
3-day chart above prints a bearish engulfing candle right at the same price point as previous high. This candle comes at a time when RSI supporting trend line breaks down.
Can price action go higher? Sure... that is possible, however, it is more probable to go lower; especially as Stochastic RSI crosses below 20.
1st target $0.40
2nd target $0.25
