Hi there,
Looks as though the price of UBQ is getting ready to launch.
We can see that price is pushing up against the resistance from the diagonal trendline AND the 20 EMA. There's been a lot of buying over the past week too, so its only a matter of time.
Reasons for trade
VPVR shows that there's not a great deal of resistance likely once we break above the 50 EMA and that could be explosive for price - a potential 80% return!
If you like this idea, please support me by liking and following.
Thanks!
Looks as though the price of UBQ is getting ready to launch.
We can see that price is pushing up against the resistance from the diagonal trendline AND the 20 EMA. There's been a lot of buying over the past week too, so its only a matter of time.
Reasons for trade
- Price has broken the trendline and is retesting as support (4hr)
- High volume
- False break
- Double bottom (almost)
VPVR shows that there's not a great deal of resistance likely once we break above the 50 EMA and that could be explosive for price - a potential 80% return!
If you like this idea, please support me by liking and following.
Thanks!
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