Ubiq (UBQ) - Member's trade idea posted
Nov 9, 2018 --- Altcoins
On 27th October we added to our UBQ position as we look to scale in through the bear market following a daily setup which was posted in our AltcoinPro members group. Looking at the long term weekly chart we can see how the 2018 bear market UBQ price have returned to bottom of its trading range. A few weeks ago price broke out of a falling wedge pattern and since then just keeps on consolidating above the support level.
Despite the bear market over the last months volume is rising with some nice green volume candles showing up. OBV is looking strong while MACD is positive having printed a bullish momentum divergence. Willy is also oversold and starting to show signs of a confirmed shift in momentum.
We added to our position at xxx sats and we will be looking to scale out at xxx.
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