isaaczcrypto
Long

UBQ BTC | Movement Predictions | Next Few Months?

BITTREX:UBQBTC   Ubiq / Bitcoin
This is not a trade call or signal!
This is my study using fibonacci, support and resistance . :) Feel free to comment or critique!

Movement 1
- Break through 0.786 resistance and it becomes new support.
- Next resistance will be 0.618.

Buy Zone - Set buy orders after pull back from 0.786 breakout at 28k - 30k

Stop Loss - 26k if support A doesn't hold

Sell Target - 43k for 50% profits. Possible for 53k (0.5)?

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Movement 2
- Fail to break through 0.786 resistance and drops to support A before making another run to test resistance
- After touching support line A, it will begin Movement 1.

Buy Zone - 21k-23k

Stop Loss - 20k (10-15% loss)

Sell Targets - 28k (10-30% profits) or 43k (80-100% profits)

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Movement 3
- Support line A doesn't hold, it will find next support at support line B
- Support line A is now resistance
- If breaks through support line A, proceed on to movement 1 and/or 2.

Buy Zone - Accumulate 16k - 20k

Stop Loss - 14k (10-15% loss)

Sell Targets - 28k (70-100% profits) or 43k (200%-260% profits)

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All the best my friends!
Comment: UBQ is currently in Movement 2! :)

Comments

Would you buy now? It has a small support at 145k. Better to see what happens and decide?

thanks!
+1 Reply
isaaczcrypto TocalaSam
@TocalaSam, Hello!! 0.00010000 satoshis is really strong bottom. Getting it now would be pretty cheap! However, SegwitX2 fork is still a week or two away. ALTs might still bleed out and BTC might find more strength to continue upwards.

I would set a buy order if you'd like to get UBQ for the long hold at around 10k-12k. 17k is the next resistance. It needs to break out above it and turn wait for support confirmation. :D

Do also research on any upcoming big news on UBQ and charts will tell a better story on whether it will be bullish or bearish.

All the best my friend!!
+2 Reply
TocalaSam isaaczcrypto
@isaaczcrypto, Thanks sir!!!
+1 Reply
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