I never traded this one, a friend of mine made me notice it so I went to check and this looks like an inverted head and shoulders. If you wanna buy it check if the neckline hold the price, if it does you can enter. The target is on the chart.
OFF COURSE, when you trade against BTC be careful, if BTC starts a bullrun and the coin you bought (UTK in this case) doesn't keep up the pattern will be invalidated.
OFF COURSE, when you trade against BTC be careful, if BTC starts a bullrun and the coin you bought (UTK in this case) doesn't keep up the pattern will be invalidated.
Yorum:
this might be that last attempt of forming a new high which usually fails and is followed by a price drop. However if BTC should start pump things could go sideways