Ultra UOS is eying on reclaiming its spot over $1. Covered: Recent Price Action Charts (W,D,H) What to Anticipate, Key Technical Levels & Indicators Used UOS is Eying on Reclaiming Its Spot Over $1 Ultra (UOS) had a blow-off the top moment in 2021 as its price rose from 0.2 to 2.3. Since then, it […] The post Ultra (UOS) Is On Its To A Dollar Says Tech Analyst appeared first on CryptosRus.

Ultra (UOS) Is On Its To A Dollar Says Tech Analyst

Ultra UOS is eying on reclaiming its spot over $1.

Covered:

  • Recent Price Action
  • Charts (W,D,H)
  • What to Anticipate, Key Technical Levels & Indicators Used

UOS is Eying on Reclaiming Its Spot Over $1

Ultra (UOS) had a blow-off the top moment in 2021 as its price rose from 0.2 to 2.3.

Since then, it has been on a decline, but this pullback could be something that might interest those who have been patient for a pullback. Let’s look at UOS from different time frames.

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UOS: Monthly

The monthly chart shows data from only 2019. Its gain in 2021 was a staggering 2100%. Since then, it pulled back with the current price just below 1.

It went on a parabolic move with a blow-off top moment that ended in November 2021. A blow-off top moment can be exciting for early buyers and can be nerve-racking if an entry is chased.

UOS: Weekly

The weekly chart shows an uptrend. It’s turning slightly sideways as its 21EMA (Cyan) is curling down, but 30SMA (White) and 50SMA (Salmon) are pointing up.

Price is bouncing off 50SMA, which is a positive sign. The momentum oscillator shows that the momentum is neutral with the fast momentum line (Yellow) just below the midline, but it’s curling up again.

The Slow momentum line (Red) is well above the midline. The squeeze indicator shows no squeeze with a bullish but falling momentum (Blue).

UOS: Daily



The daily chart shows a downtrend with price trading below the trendline resistance. (White line) It shows a falling wedge pattern.

The price dipped below 200MA (Purple), and now it’s trying to reclaim above it. The momentum oscillator shows that the fast momentum line (Yellow) is rising and crosses above the slow momentum line (Red).

Both lines are below the midline, indicating that the momentum is bearish but recovering.

The squeeze indicator shows a low-compression squeeze that fired a couple of days ago, and the momentum is rising.

As of this writing, UOS is trading just below 1, and we will keep an eye on this level as the entire crypto market could start a relief rally soon.


Key Technical Levels

 Support Zone:0.73 – 0.77

Support: 0.9 Resistance: 1.03

Resistance Zone: 1.212 – 1.232

Resistance: Daily 50MA

Resistance Zone: 1.45 – 1.58

Indicator Used: (Click Here)

  • Not Financial Advice

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The post Ultra (UOS) Is On Its To A Dollar Says Tech Analyst appeared first on CryptosRus.