Technical analysis UnikoinGold. UKG-BTC on June 30, 2018

July 3, 2018


It has been forming and following the downtrend wedge for a long time, however now we can see the bounce as a bullish impulse. RSI has been in an oversold area for a long time and now is starting to bounce, Stoch RSI is very strong and can be in an overbought area for some time pushing the price up as MACD is just starting to show the positive cross with the further growth possibility. Now we are at the bottom edge of the pattern which is a good zone for opening long positions, once we break the upper edge we can expect the further uptrend movement. Also, be careful, if we go under the bottom edge that will be the indication of the further downtrend movement.

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