CRYPTO - UOS - Ultra - Falling wedge - Get Long
We have a solid setup to long UOS or Ultra. A falling wedge and we have entered the fun zone. This means there is about to be a breakout and with STO bottoming with lots of room to jump and RSI creeping up it appears that buyers are taking control. It has already tested the break higher so it is not hard to see it going there again. There are a number of bullish divergences reinforcing the number go up scenario.
STO is low at 9.84 and primed for a bounce in prices.
RSI is 38 climbing from 30 on the previous low.
Volume - The largest candles in recent times are all green.
Action: Get long baby
Target 1 is 0.20 or 33%.
Stop loss at 0.145.
STO is low at 9.84 and primed for a bounce in prices.
RSI is 38 climbing from 30 on the previous low.
Volume - The largest candles in recent times are all green.
Action: Get long baby
Target 1 is 0.20 or 33%.
Stop loss at 0.145.
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