MUST read unikoingold.reddit.com much is happening/about to happen
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Daily MACD: starts to close in and turning upwards.
RSI: almost at the bottom of the channel.
RSI: Moving back into the channel indicating potential breakout
When to buy:
I will open position once we break the down trend indicated by dotted line with the stop loss around 0.00002590 due to possible psychological at 0.00002600.
Targets are marked with the price labels where 161.80% could be already my dreams.
It has to be noted also that UKG will be legally used in Esports betting on 6.4.2018 which could produce significant price spike so watch out for that date.
I will first wait for this potential 3rd cycle to play out and than produce another TA once we are closer to the event. UKG is just a bit too young to have better historical data on price movment so take this TA as caution. It looks however that 0.00004060 could be optimal support. While I am sceptical about time frame due to the macro-events I still believe it is possible to reach 0.000155 zone in next 20 days if we ahve successful support confirmation at 0.00004060
UKG out of the downtrend line (doted diagonal line). MACD starting to tighten up like expected in previous TA, with possible cross coming in next few days. Stochastic RSI back in the channel and RSI turning upwards. It could have another retest of support at 0.00004092 and if it bounces we could easily see 60%-140% gains (which is quite good for current market state). Once and if it pushes through resistance zone (red quadrant) 23.60%-50.0% fib levels we could see another leg up till the beginning of March (200% gain). For mid term and the EA 3.52% event coming in it could boost the price up to 0.00022550- that is if market macro market forces are on our side.
NOTE: For possible signs of trend reversal or price spikes observe also T3-CCI indicator. Once it goes over the 0 be ready for spike.
% gains are presented where the long term and if we hit the last target we could see 450% return.
For previous post on UKG check related ideas.
Animus The Great
Let me know your opinion!
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