SUMMARY
UBIQ (UBQ/BTC) ran up the impulse ladder as if there was no tomorrow! The rise was a vertical and when anything goes vertical, it's not sustainable and the resulting correction was very deep. The lack of maturity in liquidity gets the coin to be like a paper in the wind of volatility.
The below chart shows a big and small fractal version of a wedge pattern. The difference is that the larger one was the correction and the smaller one could be the for a potential trend reversal.
Such fractals can be used as one input to support a future price pathway projection. The smaller wedge rise is labeled as wave 1 of an impulse motive and wave 2 is just about finishing up. When wave 3 onsets....it'll likely be a site to behold and its actions will be fully supported by the MACD.
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