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
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