CryptoBobbie1

UBIQ taking-off soon?

Long
BITTREX:UBQBTC   Ubiq / Bitcoin
Ubiq broke out of a long downtrend on a healthy volume.

Price found resistance at 35Ksat level combined with 250-day MA.

Price found strong support at 23Ksat combined with 100-day MA.

Price should break above 35K sat to open a new long trade.

Technicals:
- Increasing volume
- Falling wedge reversal (broke out of red line)
- Beautiful symmetry with may 2017 (bullrun)


Fundamentels:

- Blockchain company of the year (Canada)
- New exchanges (Einstein exchange, a large upcoming Canadian exchange)
- Trezor/ Ledger integration
- Tokens swapping over to UBIQ blockchain
- Community tokens airdrop


Main targets:

Short term:
- 0.00037, 00045

Longer term:
- 0.00057
- 0.00089
- 0.00126

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.