With this analysis I applied: 1) ELLIOT WAVES 2) Fibonacci trendline extension 3) Lengthening theory
Why am I sure UTK is going to go up (together with other strong tokens)? For the following 4 reasons: 1) Stock RSI: Bollinger band indicator on the weekly flashed green. 2) Support/Resistance: UTK touched the current support multiple times during the past 3-4 years (never broken). UTK did not break the all time high of the previous cycle on the first attempt (still room for growth). 3) TRACK RECORDS: UTK has dropped 80% in this wave and in the past ones. 4) FUNDAMENTALS: Business is growing day by day. Coinbase listing will certainly occur when bull run resumes.
My prediction price is between 3$ and 5$ for mid 2022.
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