Technology Finance Cryptocurrency Technical Analysis
Rekt Capital
Rekt Capital

@rektcapital

5 Tweets 1 reads Jan 17, 2023
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$UTK / USDT - #utrust #UTK
Downtrend since March '21 (black)
Any time it has moved up, it has produced a FOMO wick beyond black
Price is compressing into the apex of the Descending Triangle
Break black -> downtrend over
But lose blue -> orange could be revisited
#Crypto
$UTK / USDT - #utrust #UTK Downtrend since March '21 (black) Any time it has moved up, it has pro...
$UTK / USDT - #utrust #UTK
Loses blue to confirm the Descending Triangle breakdown
Orange has been revisited
This as well as the red level just below the box are the major support levels for UTK
Lose those and UTK may experience a much deeper drop
#Crypto
$UTK / USDT - #utrust #UTK Loses blue to confirm the Descending Triangle breakdown Orange has bee...
$UTK / USDT - #utrust #UTK
Rebounds +64% from the major demand area (orange)
Technically, UTK could continue this move to as high as the blue level to potentially flip that level into new resistance
Especially if UTK manages to retest the green level as support soon
#Crypto
$UTK / USDT - #utrust #UTK Rebounds +64% from the major demand area (orange) Technically, UTK cou...
$UTK / USDT - #utrust #UTK
UTK is now up over +80% since the major demand area (orange) and is indeed getting closer to the blue level
This recent move up was enabled by a successful retest of the green level as support; up +20% since the retest
Blue level lies ahead
#Crypto
$UTK / USDT - #utrust #UTK UTK is now up over +80% since the major demand area (orange) and is ind...
$UTK / USDT - #utrust #UTK UTK is now up over +80% since the major demand area (orange) and is ind...
$UTK / USDT - #utrust #UTK
Finally reached the blue level
UTK has rallied +110% since the major orange demand area
And rallied over +40% since the key retest at green support
#Crypto
$UTK / USDT - #utrust #UTK Finally reached the blue level UTK has rallied +110% since the major o...
$UTK / USDT - #utrust #UTK Finally reached the blue level UTK has rallied +110% since the major o...

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