Ubiq - Inside Consolidation Channel
Ubiq is currently inside a consolidation channel and therefore moving sideways. It performed a H&S pattern while it was trying to break through the channel and is now heading towards the bottom of the channel.
RSI signals an oversold market, MACD as a flat movement direction.
Conversion Line(blue) is below Base line (yellow).
I expect that the price will move to the bottom of the trend channel (some little ups&downs included) and then we need to see a strong bounce, supported by MACD&RSI buy signals.
Another buy signal would be crossing Conversion Line and Base line.
If the trend channel is broken, next support is at 24.5k Sat.
Targets would be 44k, then 55k Sat.
RSI signals an oversold market, MACD as a flat movement direction.
Conversion Line(blue) is below Base line (yellow).
I expect that the price will move to the bottom of the trend channel (some little ups&downs included) and then we need to see a strong bounce, supported by MACD&RSI buy signals.
Another buy signal would be crossing Conversion Line and Base line.
If the trend channel is broken, next support is at 24.5k Sat.
Targets would be 44k, then 55k Sat.
Comentário:
Due to SegWit2x BTC update, many alts are going down because a hardfork into Bitcoin and Bitcoin (Gold?) is expected. People are selling ALTS to get their BTC and receiving free Bitcoin Gold coins similar to what happend during Bitcoin Cash hardfork.