UTK / TetherUS
Long

#UTK/USDT

202
#UTK

The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it

We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it

We have a major support level in green at a price of 0.04300

We have a trend to stabilize above the moving average 100

Entry price 0.04350
First target 0.04570
Second target 0.04800
Third target 0.05100

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.