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