Disclaimer
Fun Fact
Did you know, an independent Tesla dealer in Europe from Belgium is a major supplier of Tesla Motors?
Last week, UTrust twitter post says that you can now buy a Tesla Cars by using UTrust. I have not researched alot of UTrust and the negotiations between the two entities. But what I do know is that, this will give more volatility and volume to UTK pairs, this may sound alarming and could potentially harm your decision making into investing or day trading for UTK.
More about Medium Post -> https://bit.ly/3daHLEY
Lets talk UTK/BTC pairs only
Last month, UTK has been trading on an ascending triangle. Its an obvious pattern in which we can see that its almost over the demand range from the given VPVR. While the current price today had more supply than demand, there will be chances that UTK will go down approx 30%, but knowing the recent news of UTK, traders are testing the 950 grounds if it is really a strong support.
I labeled this key level last 2 weeks, and looks like it got out from our recent ascending triangle.
To be fair, I added a regression trend from the bottom to the current price (for long term traders or spot traders, non margin traders), the recent candles are reasonably fair and could bounce back if sellers are tired of selling and now buyers will taking advantage the smaller orders considering the small amount of daily volume.
The recent breakout could be a fakeout, since we have a strong key level at 950 Satoshis. The fakeout is not yet proven until there will be more candles in the next few hours for 4hr range, and remember this is also a Key Level support.
Regarding the past few days candle, we must understand that BTC is still consodolidating and Im not going to add the USDT pair. You will understand and know why I am not considering the BTC pairs if you have read my recent posts over the past days.
Longterm for UTK would be 2k Satoshis - 3k satoshis priced at least (so to the retailers good luck), we could buy and accumulate every key levelsupport at 600 and 900 Satoshis, not between them but near those price ranges.
Lastly, TRADE SAFE!
Index Blog
Starting a Small group to help beginners in Trading
1.x.x - Introduction x Start Trading w/ Binance preferably
1.x.x - Rules of Trading
1.x.x - Calculating and Managing your TradesHIVE
2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDT
2.3.30 - 2nd Quarter Update: HIVE/BTC/USDT - "$5 USD for HIVE is it possible?"
2.4.08 - You should not worry about the Hive PriceBTC
3.2.18 - BTC Hits 51k, whats next 55k or 60k? Lets see the Charts
3.4.03 - Will BTC rally up to 70k-75k - A is for April, A is for ALTSEASONALTS
6.XTZ.4.10. - TEZOS - Q2 APRIL - XTZ/BTC/USDT - Tezos Parabolic Move?
6.GRT Other Alts will be shared, but not everyday to avoid Spam
6.DOT
6.LINK
6.DOGE
6.LRC
6.UTK.4.13 - UTrust - Q2 APRIL - UTK/BTC - UTrust is the TESLA of Crypto Payment Apps
6.CELR
6.SXP
6.STMX
6.BTS
Sources/Links/References
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Trading View - Live Trading Charts
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