CryptoMichNL

Ubiq Trade Idea 23 January 2018

BITTREX:UBQBTC   Ubiq / Bitcoin
A chart for Ubiq today, which is one of my favourites.
What do we see? It retraced all the way down from the ATH in June, which was around 100K sats. Firing up a new cycle and broke the mean trend line already. Currently in the making of a bullflag, broke the big resistance and found this as a support. EMA's are crossed as well, MACD turned positive and RSI staying around the 50 level.

What do we expect? A new cycle coming months, ending in an new all time high. So I'm holding this one for some months.

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