UTK is up 16.2% in 24 hours, trading at 0.00795. This move puts it back toward the bottom of its 7-day range of 0.00638–0.0244, but still below the EMA20 at 0.00919.
The desk's read: UTK's rally comes on low volume ($10M in 24h) and from deep within 'Fear' territory for the broader market. It's too early to call this a reversal while price is still below both the EMA20 and EMA50. I’d watch for a sustained close above the EMA20.
Would you trust this move without a break above its EMA20?
$UTK
The desk's read: UTK's rally comes on low volume ($10M in 24h) and from deep within 'Fear' territory for the broader market. It's too early to call this a reversal while price is still below both the EMA20 and EMA50. I’d watch for a sustained close above the EMA20.
Would you trust this move without a break above its EMA20?
$UTK